Mn Services Vermogensbeheer B.V. Increases Position in Trimble Inc. (NASDAQ:TRMB)

Mn Services Vermogensbeheer B.V. increased its stake in Trimble Inc. (NASDAQ:TRMB) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 99,866 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,100 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Trimble were worth $7,057,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. TD Private Client Wealth LLC increased its holdings 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 purchasing an additional 520 shares in the last quarter. Friedenthal Financial purchased a new position in Trimble during the 4th quarter valued at about $49,000. Mather Group LLC. increased its holdings in Trimble by 86.4% during the 4th 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 purchased a new position in Trimble during the 3rd quarter valued at about $49,000. Finally, Sentry Investment Management LLC purchased a new position in Trimble during the 3rd quarter valued at about $76,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,421 shares of company stock valued at $831,683. Insiders own 0.47% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $71.98 on Friday. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The stock has a market capitalization of $17.69 billion, a P/E ratio of 11.82, a P/E/G ratio of 3.09 and a beta of 1.53. The firm’s 50-day moving average is $73.22 and its two-hundred day moving average is $66.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRMB. Sanford C. Bernstein raised their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $86.00.

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.