Wilmington Savings Fund Society FSB Grows Stake in Trimble Inc. (NASDAQ:TRMB)

Wilmington Savings Fund Society FSB raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,776 shares of the scientific and technical instruments company’s stock after purchasing an additional 650 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Trimble were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. increased its position in Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after acquiring an additional 1,594,732 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Trimble by 49.1% during the 3rd 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. Impax Asset Management Group plc raised its position in Trimble by 18.7% in the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after purchasing an additional 434,065 shares during the period. Sora Investors LLC bought a new stake in Trimble in the third quarter worth about $22,663,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Trimble by 132.0% in the third quarter. Assenagon Asset Management S.A. now owns 521,774 shares of the scientific and technical instruments company’s stock worth $32,397,000 after buying an additional 296,893 shares during the period. 93.21% of the stock is owned by institutional investors.

Insider Activity at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction 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 sale, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on TRMB. Oppenheimer upped their price objective on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein boosted their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Robert W. Baird boosted their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Performance

Shares of TRMB opened at $74.36 on Tuesday. The stock has a 50-day moving average of $73.41 and a two-hundred day moving average of $65.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The stock has a market cap of $18.28 billion, a P/E ratio of 12.43, a P/E/G ratio of 3.14 and a beta of 1.53. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

About Trimble

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.