Gulf International Bank UK Ltd Sells 473 Shares of Trimble Inc. (NASDAQ:TRMB)

Gulf International Bank UK Ltd lessened its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 2.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,379 shares of the scientific and technical instruments company’s stock after selling 473 shares during the period. Gulf International Bank UK Ltd’s holdings in Trimble were worth $1,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRMB. Victory Capital Management Inc. raised 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 in the last quarter. TimesSquare Capital Management LLC acquired a new position in Trimble during the fourth quarter valued at approximately $50,041,000. Charles Schwab Investment Management Inc. grew its holdings in Trimble by 49.1% during the third 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 grew its holdings in Trimble by 18.7% during the third 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 purchasing an additional 434,065 shares during the last quarter. Finally, Sora Investors LLC acquired a new position in Trimble during the third quarter valued at approximately $22,663,000. Institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Oppenheimer increased their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Monday, December 16th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Finally, Robert W. Baird raised their price objective on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trimble presently has a consensus rating of “Buy” and an average price target of $86.00.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock valued at $831,683 over the last ninety days. 0.47% of the stock is owned by company insiders.

Trimble Trading Up 1.8 %

Shares of Trimble stock opened at $71.98 on Friday. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 3.09 and a beta of 1.53. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The company’s fifty day simple moving average is $73.22 and its 200-day simple moving average is $67.07. 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 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.