Trimble Inc. (NASDAQ:TRMB) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its stake in Trimble Inc. (NASDAQ:TRMB) by 47.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 71,723 shares of the scientific and technical instruments company’s stock after purchasing an additional 23,156 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Trimble were worth $5,051,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rialto Wealth Management LLC acquired a new stake in shares of Trimble during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble during the fourth quarter worth about $36,000. TD Private Client Wealth LLC raised its holdings in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 520 shares in the last quarter. Larson Financial Group LLC raised its holdings in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in Trimble in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jennifer Allison sold 3,571 shares of the business’s 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 completion of the sale, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 in the last three months. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TRMB shares. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Monday, December 16th. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Robert W. Baird lifted their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $86.00.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $69.39 on Friday. The firm has a market capitalization of $17.06 billion, a P/E ratio of 11.39, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company’s fifty day moving average is $72.62 and its two-hundred day moving average is $67.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Trimble 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.