Headlands Technologies LLC Sells 177 Shares of Trimble Inc. (NASDAQ:TRMB)

Headlands Technologies LLC lowered its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 7.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,303 shares of the scientific and technical instruments company’s stock after selling 177 shares during the period. Headlands Technologies LLC’s holdings in Trimble were worth $163,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TRMB. Vanguard Group Inc. boosted its stake in shares of Trimble by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company’s stock worth $2,099,064,000 after acquiring an additional 183,150 shares during the period. Geode Capital Management LLC lifted its holdings in Trimble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company’s stock valued at $425,427,000 after purchasing an additional 138,136 shares during the last quarter. Victory Capital Management Inc. boosted its position in Trimble by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock worth $400,312,000 after purchasing an additional 222,679 shares during the period. Boston Partners increased its holdings in shares of Trimble by 217.3% in the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock valued at $239,802,000 after purchasing an additional 2,312,937 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Trimble in the fourth quarter valued at about $190,391,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $56.51 on Friday. The stock has a market capitalization of $13.89 billion, a PE ratio of 9.28, a P/E/G 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. The business has a fifty day moving average price of $70.76 and a two-hundred day moving average price of $69.14.

Wall Street Analyst Weigh In

TRMB has been the subject of several research analyst reports. StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Sanford C. Bernstein upped their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Thursday, February 20th. 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 report on Monday, December 16th. Finally, Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight investment 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 company presently has a consensus rating of “Buy” and an average target price of $86.00.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock valued at $831,683 over the last quarter. 0.47% of the stock is owned by corporate insiders.

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.