Sepio Capital LP Buys 3,009 Shares of Trimble Inc. (NASDAQ:TRMB)

Sepio Capital LP raised its stake in shares of Trimble Inc. (NASDAQ:TRMBFree Report) by 16.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 20,987 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,009 shares during the period. Sepio Capital LP’s holdings in Trimble were worth $1,130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. increased its holdings in Trimble by 12.9% in the 1st quarter. American Century Companies Inc. now owns 6,672 shares of the scientific and technical instruments company’s stock worth $481,000 after acquiring an additional 760 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Trimble during the 1st quarter valued at $271,000. Dimensional Fund Advisors LP raised its position in shares of Trimble by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,140,027 shares of the scientific and technical instruments company’s stock valued at $82,251,000 after purchasing an additional 6,402 shares during the period. Prudential PLC bought a new position in Trimble in the 1st quarter worth $371,000. Finally, National Pension Service increased its stake in Trimble by 5.1% in the 1st quarter. National Pension Service now owns 440,758 shares of the scientific and technical instruments company’s stock worth $31,796,000 after buying an additional 21,426 shares in the last quarter. Hedge funds and other institutional investors own 90.20% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on Trimble from $66.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Piper Sandler lifted their price objective on shares of Trimble from $42.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. JPMorgan Chase & Co. dropped their target price on shares of Trimble from $56.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and an average price target of $53.50.

View Our Latest Analysis on Trimble

Insiders Place Their Bets

In other news, CEO Robert G. Painter sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $48.10, for a total transaction of $48,100.00. Following the sale, the chief executive officer now directly owns 206,356 shares in the company, valued at approximately $9,925,723.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Trimble news, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $51.05, for a total transaction of $127,625.00. Following the completion of the transaction, the chief executive officer now directly owns 203,856 shares of the company’s stock, valued at $10,406,848.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Painter sold 1,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $48.10, for a total transaction of $48,100.00. Following the completion of the sale, the chief executive officer now directly owns 206,356 shares in the company, valued at approximately $9,925,723.60. The disclosure for this sale can be found here. Insiders sold 13,628 shares of company stock valued at $616,775 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Trimble Trading Down 1.8 %

Shares of TRMB opened at $51.64 on Tuesday. The stock has a market capitalization of $12.85 billion, a PE ratio of 38.54, a P/E/G ratio of 2.35 and a beta of 1.47. The company’s fifty day moving average is $50.48 and its 200 day moving average is $50.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.07 and a current ratio of 1.26. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $59.70.

Trimble Company Profile

(Free Report)

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 route selection and design; 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.

See Also

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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