Trimble Inc. (NASDAQ:TRMB) Shares Sold by Spire Wealth Management

Spire Wealth Management trimmed its position in shares of Trimble Inc. (NASDAQ:TRMBFree Report) by 96.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,526 shares of the scientific and technical instruments company’s stock after selling 42,725 shares during the period. Spire Wealth Management’s holdings in Trimble were worth $82,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TRMB. Moneta Group Investment Advisors LLC grew its holdings in Trimble by 86,928.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,426,266 shares of the scientific and technical instruments company’s stock valued at $223,792,000 after purchasing an additional 4,421,180 shares in the last quarter. Morgan Stanley grew its holdings in Trimble by 283.9% during the 4th quarter. Morgan Stanley now owns 5,530,548 shares of the scientific and technical instruments company’s stock valued at $279,625,000 after purchasing an additional 4,089,901 shares in the last quarter. Norges Bank acquired a new stake in Trimble during the 4th quarter valued at $162,931,000. Price T Rowe Associates Inc. MD grew its holdings in Trimble by 131.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,550,902 shares of the scientific and technical instruments company’s stock valued at $290,979,000 after purchasing an additional 3,155,709 shares in the last quarter. Finally, Amundi grew its holdings in Trimble by 113.5% during the 4th quarter. Amundi now owns 2,946,710 shares of the scientific and technical instruments company’s stock valued at $153,048,000 after purchasing an additional 1,566,650 shares in the last quarter. 90.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday. Piper Sandler raised their price objective on shares of Trimble from $42.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. The Goldman Sachs Group decreased their price objective on shares of Trimble from $66.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.83.

Get Our Latest Research Report on TRMB

Insider Activity

In other news, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $51.05, for a total value of $127,625.00. Following the completion of the transaction, the chief executive officer now directly owns 203,856 shares of the company’s stock, valued at approximately $10,406,848.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Kaigham Gabriel sold 4,364 shares of Trimble stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $42.45, for a total value of $185,251.80. Following the sale, the director now directly owns 18,447 shares in the company, valued at approximately $783,075.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of Trimble stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $51.05, for a total transaction of $127,625.00. Following the completion of the sale, the chief executive officer now owns 203,856 shares in the company, valued at $10,406,848.80. The disclosure for this sale can be found here. In the last three months, insiders sold 11,128 shares of company stock valued at $514,075. Company insiders own 0.61% of the company’s stock.

Trimble Trading Up 0.8 %

NASDAQ TRMB opened at $52.51 on Monday. Trimble Inc. has a one year low of $39.57 and a one year high of $57.18. The company has a 50-day simple moving average of $50.95 and a 200-day simple moving average of $50.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.07 and a current ratio of 1.26. The firm has a market capitalization of $13.06 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 2.35 and a beta of 1.47.

Trimble Company Profile

(Free Report)

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 route selection and design; 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.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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