Bank Julius Baer & Co. Ltd Zurich Lowers Position in Trimble Inc. (NASDAQ:TRMB)

Bank Julius Baer & Co. Ltd Zurich cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 18.7% in the fourth quarter, Holdings Channel reports. The fund owned 34,501 shares of the scientific and technical instruments company’s stock after selling 7,937 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Trimble were worth $2,690,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble during the fourth quarter valued at about $36,000. TD Private Client Wealth LLC lifted its position in shares of Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 520 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Trimble during the fourth quarter valued at about $49,000. Mather Group LLC. lifted its position in shares of Trimble by 86.4% during the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after buying an additional 343 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Trimble by 137.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 844 shares of the scientific and technical instruments company’s stock valued at $60,000 after buying an additional 489 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TRMB. Robert W. Baird increased their price target 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 increased their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Finally, Oppenheimer upped their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $86.00.

Insider Buying and Selling at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction dated Tuesday, February 25th. The shares were 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. In the last 90 days, insiders have sold 11,421 shares of company stock worth $831,683. Corporate insiders own 0.47% of the company’s stock.

Trimble Trading Up 2.1 %

Shares of NASDAQ:TRMB opened at $69.06 on Monday. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The business’s 50 day moving average price is $72.94 and its 200-day moving average price is $67.64.

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.