Trimble Inc. (NASDAQ:TRMB) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,298 shares of the scientific and technical instruments company’s stock after selling 582 shares during the quarter. First Hawaiian Bank’s holdings in Trimble were worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in Trimble by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after acquiring an additional 39,069 shares in the last quarter. Victory Capital Management Inc. grew its stake in Trimble by 41.4% in the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after purchasing an additional 1,594,732 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Trimble by 7.0% in the second quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock valued at $203,976,000 after buying an additional 239,673 shares during the last quarter. Impax Asset Management Group plc raised its stake 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 buying an additional 434,065 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $127,692,000 after buying an additional 676,954 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

NASDAQ TRMB opened at $72.54 on Friday. The company has a 50-day moving average price of $71.62 and a two-hundred day moving average price of $62.22. Trimble Inc. has a 52 week low of $48.60 and a 52 week high of $76.97. The stock has a market cap of $17.71 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 3.15 and a beta of 1.52. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Analyst Ratings Changes

Several research firms recently issued reports on TRMB. Piper Sandler reissued an “overweight” rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird boosted their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein raised their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Oppenheimer upped their target price on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $84.86.

About Trimble

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.