Trimble Inc. (NASDAQ:TRMB) is Prospector Partners LLC’s 9th Largest Position

Prospector Partners LLC cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 19.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,177 shares of the scientific and technical instruments company’s stock after selling 70,795 shares during the quarter. Trimble accounts for 2.2% of Prospector Partners LLC’s portfolio, making the stock its 9th biggest holding. Prospector Partners LLC’s holdings in Trimble were worth $20,221,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TRMB. Crowley Wealth Management Inc. purchased a new position in shares of Trimble in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Trimble during the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble during the 4th quarter worth approximately $36,000. TD Private Client Wealth LLC boosted its stake in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 422 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $56.51 on Friday. The company has a market cap of $13.89 billion, a P/E ratio of 9.28, a P/E/G ratio of 3.09 and a beta of 1.57. The business has a fifty day simple moving average of $70.76 and a 200-day simple moving average of $69.14. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction dated 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. In the last ninety days, insiders have sold 11,421 shares of company stock valued at $831,683. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRMB. Robert W. Baird boosted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer raised 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. 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 raised their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Company 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.