Trimble Inc. (NASDAQ:TRMB) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,360 shares of the scientific and technical instruments company’s stock after buying an additional 5,472 shares during the period. Wellington Management Group LLP’s holdings in Trimble were worth $1,580,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its holdings in shares of Trimble by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 69,733 shares of the scientific and technical instruments company’s stock worth $4,330,000 after purchasing an additional 624 shares during the period. Barclays PLC raised its holdings in Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock valued at $46,151,000 after buying an additional 30,457 shares during the period. Vestcor Inc lifted its position in Trimble by 43.7% during the third quarter. Vestcor Inc now owns 5,157 shares of the scientific and technical instruments company’s stock valued at $320,000 after buying an additional 1,569 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Trimble by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after acquiring an additional 39,069 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 520 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRMB shares. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday, December 16th. Cfra upgraded 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. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Stock Performance

Shares of TRMB opened at $58.22 on Friday. 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. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 3.09 and a beta of 1.57. The business’s 50 day moving average is $68.38 and its two-hundred day moving average is $69.03.

Insider Activity at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

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.