Mizuho Securities USA LLC Purchases 7,309 Shares of Trimble Inc. (NASDAQ:TRMB)

Mizuho Securities USA LLC grew its position in Trimble Inc. (NASDAQ:TRMB) by 46.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,145 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,309 shares during the period. Mizuho Securities USA LLC’s holdings in Trimble were worth $1,635,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC increased its position in Trimble by 3.4% during the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after buying an additional 193 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Trimble by 21.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 32,631 shares of the scientific and technical instruments company’s stock valued at $2,026,000 after acquiring an additional 5,660 shares during the period. Advisors Asset Management Inc. acquired a new stake in Trimble during the 3rd quarter valued at $194,000. Intech Investment Management LLC boosted its position in Trimble by 10.2% during the third quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company’s stock worth $329,000 after purchasing an additional 489 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Trimble by 49.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after purchasing an additional 676,954 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Stock Down 2.2 %

TRMB stock opened at $70.48 on Wednesday. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The business has a 50-day simple moving average of $72.53 and a 200 day simple moving average of $68.76. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.32 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Calvin Dalton sold 2,141 shares of the company’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 sale, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 in the last ninety days. 0.47% of the stock is currently owned by company 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.