Janney Montgomery Scott LLC Invests $596,000 in Trimble Inc. (NASDAQ:TRMB)

Janney Montgomery Scott LLC bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,435 shares of the scientific and technical instruments company's stock, valued at approximately $596,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its holdings in 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 acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Trimble during the 3rd quarter valued at approximately $49,000. Friedenthal Financial purchased a new stake in Trimble during the 4th quarter valued at approximately $49,000. Cromwell Holdings LLC grew its holdings in Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company's stock valued at $50,000 after buying an additional 375 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Trimble during the 3rd quarter valued at approximately $76,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Down 0.7 %

Shares of TRMB stock traded down $0.54 on Wednesday, hitting $73.29. The stock had a trading volume of 891,206 shares, compared to its average volume of 1,240,232. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $73.41 and a 200 day moving average price of $65.28. The company has a market cap of $18.01 billion, a PE ratio of 12.26, a P/E/G ratio of 3.14 and a beta of 1.53. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was 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 available at the SEC website. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRMB shares. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer increased their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and raised their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Sanford C. Bernstein raised their target price on shares of Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Finally, Wolfe Research raised shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $84.86.

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.