Trimble Inc. (NASDAQ:TRMB) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) by 15.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,611 shares of the scientific and technical instruments company’s stock after selling 2,985 shares during the period. Federated Hermes Inc.’s holdings in Trimble were worth $901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its position in Trimble by 118.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 494 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 268 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in Trimble during the 2nd quarter worth approximately $38,000. Itau Unibanco Holding S.A. acquired a new position in shares of Trimble in the 3rd quarter valued at approximately $67,000. Alta Advisers Ltd acquired a new position in shares of Trimble in the 3rd quarter valued at approximately $71,000. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Trimble in the 3rd quarter valued at approximately $84,000. 89.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TRMB shares. Piper Sandler cut their target price on Trimble from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 9th. Raymond James downgraded Trimble from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 13th. Northcoast Research downgraded Trimble from a “neutral” rating to a “sell” rating and set a $40.00 price objective for the company. in a research note on Tuesday, March 7th. Morgan Stanley upped their price objective on Trimble from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 13th. Finally, Robert W. Baird lowered their price objective on Trimble from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.67.

Trimble Trading Down 1.2 %

Shares of Trimble stock opened at $47.68 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.30. The firm has a market cap of $11.77 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. The business has a fifty day simple moving average of $54.49 and a 200-day simple moving average of $56.14. Trimble Inc. has a fifty-two week low of $47.09 and a fifty-two week high of $74.87.

Insider Activity

In other news, SVP Peter Large sold 950 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $51.11, for a total transaction of $48,554.50. Following the completion of the sale, the senior vice president now directly owns 154 shares of the company’s stock, valued at $7,870.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director James Calvin Dalton sold 1,500 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $53.20, for a total transaction of $79,800.00. Following the completion of the sale, the director now directly owns 1,936 shares of the company’s stock, valued at $102,995.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Peter Large sold 950 shares of the stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.11, for a total value of $48,554.50. Following the completion of the sale, the senior vice president now directly owns 154 shares of the company’s stock, valued at $7,870.94. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

Trimble Company Profile

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Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.