BNP Paribas Asset Management Holding S.A. Purchases 1,724 Shares of Trimble Inc. (NASDAQ:TRMB)

BNP Paribas Asset Management Holding S.A. raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 268,304 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,724 shares during the period. BNP Paribas Asset Management Holding S.A.’s holdings in Trimble were worth $14,274,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Trimble during the fourth quarter valued at approximately $132,319,000. Morgan Stanley lifted its position in Trimble by 10.0% during the 3rd quarter. Morgan Stanley now owns 7,654,744 shares of the scientific and technical instruments company’s stock worth $412,285,000 after acquiring an additional 694,842 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Trimble by 13.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,189,469 shares of the scientific and technical instruments company’s stock valued at $276,080,000 after purchasing an additional 603,020 shares during the period. Wellington Management Group LLP raised its stake in shares of Trimble by 2,399.7% in the third quarter. Wellington Management Group LLP now owns 425,330 shares of the scientific and technical instruments company’s stock worth $22,908,000 after purchasing an additional 408,315 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Trimble by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,466,786 shares of the scientific and technical instruments company’s stock worth $78,041,000 after buying an additional 263,982 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Up 0.0 %

NASDAQ TRMB traded up $0.02 during trading hours on Tuesday, reaching $57.34. The company had a trading volume of 460,158 shares, compared to its average volume of 1,398,856. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $14.00 billion, a P/E ratio of 59.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.51. The stock has a 50-day moving average of $60.42 and a 200 day moving average of $54.63. Trimble Inc. has a 1-year low of $39.57 and a 1-year high of $65.55.

Insider Activity

In other Trimble news, CEO Robert G. Painter sold 3,500 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $62.50, for a total transaction of $218,750.00. Following the transaction, the chief executive officer now directly owns 183,555 shares in the company, valued at $11,472,187.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Trimble news, SVP Peter Large sold 1,447 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $59.10, for a total value of $85,517.70. Following the transaction, the senior vice president now directly owns 8,220 shares in the company, valued at $485,802. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert G. Painter sold 3,500 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $62.50, for a total value of $218,750.00. Following the completion of the sale, the chief executive officer now directly owns 183,555 shares of the company’s stock, valued at approximately $11,472,187.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,093 shares of company stock valued at $564,872. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TRMB shares. Raymond James reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Trimble in a report on Wednesday, May 15th. Robert W. Baird upped their price target on Trimble from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, February 13th. StockNews.com lowered Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Trimble from $57.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $72.00 target price on shares of Trimble in a research note on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

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.