Sumitomo Mitsui Trust Group Inc. Has $328.10 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Trimble Inc. (NASDAQ:TRMB) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,643,391 shares of the scientific and technical instruments company’s stock after selling 133,434 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 1.89% of Trimble worth $328,102,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRMB. TD Private Client Wealth LLC raised 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 purchasing an additional 520 shares in the last quarter. Friedenthal Financial acquired a new position in Trimble in the fourth quarter worth approximately $49,000. Mather Group LLC. raised its position in Trimble by 86.4% during the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 343 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Trimble in the third quarter valued at approximately $49,000. Finally, Cromwell Holdings LLC grew its position in Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 375 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRMB shares. Oppenheimer lifted their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Sanford C. Bernstein increased their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wolfe Research upgraded 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. Finally, Robert W. Baird upped 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. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Up 0.4 %

TRMB opened at $75.37 on Friday. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.12 and a beta of 1.53. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The business has a 50 day moving average of $73.36 and a 200-day moving average of $64.78. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

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.