Natixis Advisors LLC Acquires 943 Shares of Trimble Inc. (NASDAQ:TRMB)

Natixis Advisors LLC increased its holdings in Trimble Inc. (NASDAQ:TRMB) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 41,584 shares of the scientific and technical instruments company’s stock after buying an additional 943 shares during the quarter. Natixis Advisors LLC’s holdings in Trimble were worth $2,938,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRMB. Empowered Funds LLC increased its holdings in Trimble by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after buying an additional 193 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Trimble by 21.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 32,631 shares of the scientific and technical instruments company’s stock valued at $2,026,000 after purchasing an additional 5,660 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Trimble during the 3rd quarter valued at about $194,000. Intech Investment Management LLC grew its stake in shares of Trimble by 10.2% during the 3rd quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company’s stock valued at $329,000 after purchasing an additional 489 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 period. 93.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. Finally, Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Monday, December 16th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and an average target price of $86.00.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was 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, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,421 shares of company stock valued at $831,683. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Down 0.2 %

NASDAQ TRMB opened at $70.54 on Monday. The stock’s 50 day moving average is $72.52 and its 200 day moving average is $68.53. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock has a market cap of $17.34 billion, a PE ratio of 11.58, a P/E/G ratio of 3.09 and a beta of 1.57.

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.