L. Roy Papp & Associates LLP Decreases Stock Position in Trimble Inc. (NASDAQ:TRMB)

L. Roy Papp & Associates LLP trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,072 shares of the scientific and technical instruments company’s stock after selling 1,215 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Trimble were worth $5,587,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after acquiring an additional 1,594,732 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after purchasing an additional 676,954 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after purchasing an additional 434,065 shares during the last quarter. Sora Investors LLC purchased a new stake in shares of Trimble in the third quarter valued at approximately $22,663,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Trimble by 132.0% in the third quarter. Assenagon Asset Management S.A. now owns 521,774 shares of the scientific and technical instruments company’s stock valued at $32,397,000 after purchasing an additional 296,893 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRMB has been the topic of a number of recent research reports. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Monday, December 16th. Piper Sandler reissued an “overweight” rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein raised their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Trimble currently has a consensus rating of “Buy” and an average price target of $84.86.

Trimble Trading Down 0.7 %

Shares of TRMB stock opened at $73.83 on Wednesday. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The firm has a market cap of $18.15 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53. The company has a 50-day moving average of $73.41 and a two-hundred day moving average of $65.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.