Money Managers Are Loading Up On Trimble Inc. (TRMB)

Trimble Inc. (NASDAQ:TRMB) enjoyed a 18.66% run-up in share price since hitting record low of $29.75. The stock managed 2.8% rise and now stands at $35.3 as of 01/10/2019. At recent session, the prices were hovering between $34.52 and $35.32. This company shares are 24.96% off its target price of $44.11 and the current market capitalization stands at $8.97B. The recent change has given its price a 0.44% lead over SMA 50 and -22.76% deficit over its 52-week high. The stock witnessed -0.98% declines, -14.4% declines and 6.2% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TRMB’s volatility during a week at 3.28% and during a month it has been found around 3.64%.

Trimble Inc. (TRMB) Top Holders

Institutional investors currently hold around $8.08 billion or 97.8% in TRMB stock. Look at its top three institutional owners. Blackrock Inc. owns $889.13 million in Trimble Inc., which represents roughly 9.91% of the company’s market cap and approximately 11.01% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 21,976,491 shares of the stock are valued at $754.67 million. The third largest holder is Capital Research Global Investors, which currently holds $478.55 million worth of this stock and that ownership represents nearly 5.33% of its market capitalization.

Trimble Inc. 13F Filings

At the end of September reporting period, 197 institutional holders increased their position in Trimble Inc. (NASDAQ:TRMB) by some 28,508,226 shares, 191 decreased positions by 17,432,014 and 67 held positions by 189,312,657. That puts total institutional holdings at 235,252,897 shares, according to SEC filings. The stock grabbed 51 new institutional investments totaling 12,189,652 shares while 43 institutional investors sold out their entire positions totaling 2,427,334 shares.

Trimble Inc. (NASDAQ:TRMB) Insider Trades

Multiple company employees have indulged in significant insider trading. Trimble Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior Vice President Kirkland James A has sold 14,292 shares of Trimble Inc. (TRMB) in trading session dated Dec. 03, 2018. These shares are worth $562,676 and were traded at $39.37 each. The SEC filing shows that Matthews Darryl R performed a sale of 2,400 shares. The SVP & Sector Head disposed these shares by way of transaction on Nov. 26, 2018. The company’s shares were given away at $37.21 per share worth to an income of some $89,304 on account of Matthews Darryl R.

CFO, Painter Robert G, sold 1,800 common shares of Trimble Inc. (TRMB) in the open market. In a transaction dated Nov. 16, 2018, the shares were put up for sale at an average price of $35.43, raking in a sum of $63,774. After this sale, 17,926 common shares of TRMB are directly owned by the insider, with total stake valued at $632,788.

In the transaction dated Oct. 16, 2018, the great number of shares disposed came courtesy the CFO; Painter Robert G disposed a total of 750 shares at an average price of $38.87, amounting to approximately $29,153. The insider now directly owns 10,888 shares worth $384,346.

Trimble Inc. (TRMB) Analyst Guide

Several analysts have released their opinion on Trimble Inc. (NASDAQ:TRMB), with 4 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation.