Royal London Asset Management Ltd. Acquires 1,456 Shares of Trimble Inc. (NASDAQ:TRMB)

Royal London Asset Management Ltd. boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 1.5% in the fourth quarter, HoldingsChannel reports. The firm owned 101,868 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,456 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Trimble were worth $7,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in shares of Trimble in the fourth quarter valued at approximately $113,000. Vinva Investment Management Ltd boosted its stake in Trimble by 80.4% in the 4th quarter. Vinva Investment Management Ltd now owns 9,665 shares of the scientific and technical instruments company’s stock valued at $681,000 after purchasing an additional 4,307 shares during the period. Xponance Inc. grew its holdings in Trimble by 1.9% in the 4th quarter. Xponance Inc. now owns 36,070 shares of the scientific and technical instruments company’s stock valued at $2,549,000 after buying an additional 670 shares in the last quarter. Boston Partners increased its position in Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock worth $239,802,000 after buying an additional 2,312,937 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Trimble during the fourth quarter worth $3,158,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,421 shares of company stock valued at $831,683. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Down 0.2 %

NASDAQ TRMB opened at $70.54 on Monday. The business has a fifty day moving average price of $72.52 and a two-hundred day moving average price of $68.53. The stock has a market capitalization of $17.34 billion, a PE ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TRMB shares. Piper Sandler restated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Monday, December 16th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $86.00.

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.