Fifth Third Bancorp Has $546,000 Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Fifth Third Bancorp lessened its holdings in shares of Trimble Inc. (NASDAQ:TRMBFree Report) by 4.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,728 shares of the scientific and technical instruments company’s stock after selling 381 shares during the quarter. Fifth Third Bancorp’s holdings in Trimble were worth $546,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMB. Victory Capital Management Inc. grew its holdings in shares of Trimble by 41.4% in the 3rd 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 buying an additional 1,594,732 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Trimble by 49.1% in 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 buying an additional 676,954 shares during the period. Impax Asset Management Group plc grew its holdings in shares of 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 valued at $169,978,000 after buying an additional 434,065 shares during the period. Sora Investors LLC acquired a new position in shares of Trimble in the 3rd quarter valued at $22,663,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Trimble by 132.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,774 shares of the scientific and technical instruments company’s stock valued at $32,397,000 after buying an additional 296,893 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 0.8 %

Shares of NASDAQ:TRMB opened at $75.38 on Friday. The company’s 50-day moving average price is $73.13 and its two-hundred day moving average price is $64.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The stock has a market capitalization of $18.53 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.21 and a beta of 1.52.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research analyst reports. Wolfe Research raised shares of 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. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Oppenheimer upped their target price on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein upped their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $84.86.

View Our Latest Report on Trimble

Insiders Place Their Bets

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 directly owns 3,157 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

Trimble 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 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.

Further Reading

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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