Elo Mutual Pension Insurance Co Purchases 1,060 Shares of Trimble Inc. (NASDAQ:TRMB)

Elo Mutual Pension Insurance Co lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 22,752 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,060 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Trimble were worth $1,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in Trimble by 81.9% during the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock valued at $11,279,000 after buying an additional 71,891 shares during the period. JPMorgan Chase & Co. grew its position in shares of Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock worth $46,594,000 after buying an additional 136,452 shares during the period. Benjamin Edwards Inc. lifted its position in Trimble by 76.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock valued at $2,496,000 after acquiring an additional 17,424 shares during the period. Worldquant Millennium Advisors LLC lifted its position in Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after acquiring an additional 132,467 shares during the period. Finally, Oak Thistle LLC bought a new stake in Trimble during the fourth quarter worth about $406,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $65.52 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business has a 50-day simple moving average of $72.15 and a two-hundred day simple moving average of $68.93. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TRMB shares. Oppenheimer lifted their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein raised their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $86.00.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction on Friday, January 17th. The shares were 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 directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock valued at $831,683 over the last three months. Insiders own 0.47% of the company’s stock.

About Trimble

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.