Generali Asset Management SPA SGR acquired a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 44,687 shares of the scientific and technical instruments company's stock, valued at approximately $3,158,000.
Other large investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in Trimble during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble during the 4th quarter worth approximately $36,000. TD Private Client Wealth LLC raised its holdings in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 520 shares during the period. Larson Financial Group LLC lifted its stake in 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 valued at $48,000 after purchasing an additional 422 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Trimble during the fourth quarter valued at $49,000. 93.21% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on TRMB shares. Sanford C. Bernstein boosted their target price on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Piper Sandler reiterated an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Trimble currently has an average rating of "Buy" and a consensus target price of $86.00.
Check Out Our Latest Analysis on TRMB
Insiders Place Their Bets
In related news, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 in the last three months. 0.47% of the stock is currently owned by corporate insiders.
Trimble Price Performance
Shares of TRMB stock traded up $1.53 during trading hours on Monday, reaching $72.07. The stock had a trading volume of 1,167,909 shares, compared to its average volume of 1,329,449. The stock's fifty day simple moving average is $72.52 and its 200 day simple moving average is $68.53. The firm has a market capitalization of $17.71 billion, a PE ratio of 11.83, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.
Trimble Company Profile
(
Free Report)
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.
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