Telemark Asset Management LLC bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 60,000 shares of the scientific and technical instruments company's stock, valued at approximately $4,240,000.
Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in shares of Trimble during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Trimble during the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC boosted 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. Larson Financial Group LLC boosted its position in shares of Trimble by 164.8% during 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 buying an additional 422 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in Trimble during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 93.21% of the company's stock.
Trimble Stock Performance
Shares of TRMB traded down $0.97 during mid-day trading on Thursday, hitting $66.39. The stock had a trading volume of 1,996,410 shares, compared to its average volume of 1,311,091. The firm has a market cap of $16.32 billion, a P/E ratio of 10.90, a PEG ratio of 3.09 and a beta of 1.57. The business has a fifty day moving average price of $72.71 and a 200-day moving average price of $67.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78.
Insider Buying and Selling at Trimble
In related news, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business's 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. Insiders have sold a total of 11,421 shares of company stock worth $831,683 over the last ninety days. 0.47% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts recently commented on TRMB shares. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target on the stock in a report on Monday, December 16th. Piper Sandler reiterated an "overweight" rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Robert W. Baird lifted their price target on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Finally, Oppenheimer lifted their price target on Trimble from $88.00 to $90.00 and gave the stock 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 company. According to MarketBeat, Trimble currently has an average rating of "Buy" and a consensus price target of $86.00.
Read Our Latest Stock Analysis on TRMB
Trimble 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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