Thomas Story & Son LLC Sells 245 Shares of Trimble Inc. (NASDAQ:TRMB)

Thomas Story & Son LLC trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,190 shares of the scientific and technical instruments company’s stock after selling 245 shares during the period. Trimble accounts for approximately 0.8% of Thomas Story & Son LLC’s investment portfolio, making the stock its 28th biggest position. Thomas Story & Son LLC’s holdings in Trimble were worth $1,851,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRMB. Victory Capital Management Inc. lifted its stake 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 acquiring an additional 1,594,732 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 acquiring an additional 676,954 shares during the last quarter. Impax Asset Management Group plc lifted its stake 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 acquiring an additional 434,065 shares during the last quarter. Sora Investors LLC bought a new position in shares of Trimble in the 3rd quarter valued at $22,663,000. Finally, Assenagon Asset Management S.A. increased its holdings in 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 valued at $32,397,000 after purchasing an additional 296,893 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the firm’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 transaction, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TRMB. Robert W. Baird increased their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer increased their price objective on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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 report on Monday, December 16th. Finally, StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trimble currently has an average rating of “Buy” and a consensus price target of $84.86.

Trimble Price Performance

TRMB stock opened at $74.36 on Monday. The stock has a market capitalization of $18.28 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53. The company’s 50-day moving average is $73.39 and its 200-day moving average is $65.01. 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 1 year low of $48.65 and a 1 year high of $77.78.

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.