Massmutual Trust Co. FSB ADV Raises Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Massmutual Trust Co. FSB ADV lifted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 42.6% in the third quarter, HoldingsChannel.com reports. The fund owned 950 shares of the scientific and technical instruments company’s stock after acquiring an additional 284 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Trimble were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TRMB. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Trimble by 319,324.6% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 77,939,600 shares of the scientific and technical instruments company’s stock valued at $4,126,122,000 after acquiring an additional 77,915,200 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Trimble by 86,928.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,426,266 shares of the scientific and technical instruments company’s stock worth $223,792,000 after buying an additional 4,421,180 shares during the last quarter. Morgan Stanley increased its position in Trimble by 283.9% in the fourth quarter. Morgan Stanley now owns 5,530,548 shares of the scientific and technical instruments company’s stock worth $279,625,000 after buying an additional 4,089,901 shares during the last quarter. Norges Bank purchased a new stake in Trimble in the fourth quarter worth $162,931,000. Finally, Price T Rowe Associates Inc. MD increased its position in Trimble by 131.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,550,902 shares of the scientific and technical instruments company’s stock worth $290,979,000 after buying an additional 3,155,709 shares during the last quarter. 90.20% of the stock is owned by hedge funds and other institutional investors.

Trimble Price Performance

NASDAQ:TRMB traded up $0.52 during trading hours on Friday, hitting $43.33. 1,832,227 shares of the company’s stock traded hands, compared to its average volume of 1,848,842. The firm has a market cap of $10.78 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.01 and a beta of 1.53. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $62.01. The business’s fifty day simple moving average is $48.25 and its two-hundred day simple moving average is $50.41. The company has a quick ratio of 1.07, a current ratio of 1.26 and a debt-to-equity ratio of 0.69.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 4,364 shares of Trimble stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $42.45, for a total transaction of $185,251.80. Following the completion of the sale, the director now owns 18,447 shares of the company’s stock, valued at $783,075.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Trimble news, SVP Peter Large sold 1,020 shares of Trimble stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $53.00, for a total transaction of $54,060.00. Following the completion of the sale, the senior vice president now owns 2,076 shares of the company’s stock, valued at $110,028. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kaigham Gabriel sold 4,364 shares of Trimble stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $42.45, for a total value of $185,251.80. Following the sale, the director now directly owns 18,447 shares of the company’s stock, valued at approximately $783,075.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,704 shares of company stock valued at $816,009. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. The Goldman Sachs Group decreased their target price on Trimble from $66.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. JPMorgan Chase & Co. decreased their target price on Trimble from $56.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Piper Sandler reduced their price target on Trimble from $51.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Finally, Raymond James upgraded Trimble from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $53.86.

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 route selection and design; 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.