Sharpepoint LLC Takes Position in Trimble Inc. (NASDAQ:TRMB)

Sharpepoint LLC bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,350 shares of the scientific and technical instruments company's stock, valued at approximately $943,000.

Other hedge funds have also bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new position in shares of Trimble during the 4th quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble during the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble in the 4th quarter valued at $36,000. Larson Financial Group LLC increased its holdings in shares of Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after purchasing an additional 422 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in Trimble during the 4th quarter valued at approximately $49,000. Institutional investors own 93.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRMB shares. Oppenheimer increased their target price on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $86.00.

Trimble Trading Up 3.6 %

Trimble stock traded up $2.14 during midday trading on Thursday, reaching $61.65. The stock had a trading volume of 1,250,971 shares, compared to its average volume of 1,400,961. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The company has a fifty day moving average of $65.84 and a 200 day moving average of $68.80.

Insider Transactions at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now owns 10,162 shares of the company's stock, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on 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. Company insiders own 0.47% of the company's stock.

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.