Brandywine Global Investment Management LLC lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 366.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,099 shares of the scientific and technical instruments company's stock after purchasing an additional 106,114 shares during the period. Brandywine Global Investment Management LLC owned 0.05% of Trimble worth $9,546,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new position in shares of Trimble in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in Trimble during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble in the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC lifted its position in shares of Trimble by 722.2% in 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. Finally, Larson Financial Group LLC increased its holdings in shares of Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after acquiring an additional 422 shares during the last quarter. Institutional investors own 93.21% of the company's stock.
Insider Buying and Selling at Trimble
In related news, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Jennifer Allison sold 3,571 shares of the firm's 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 of the company's stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 over the last quarter. Corporate insiders own 0.47% of the company's stock.
Trimble Price Performance
Shares of Trimble stock traded down $6.23 during trading on Thursday, reaching $60.28. 1,812,108 shares of the company's stock were exchanged, compared to its average volume of 1,379,724. The firm's 50-day moving average price is $71.53 and its 200 day moving average price is $69.14. The company has a market cap of $14.82 billion, a P/E ratio of 9.90, a PEG ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TRMB. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and upped their target price for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a report on Thursday, February 20th. Piper Sandler reiterated an "overweight" rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Sanford C. Bernstein raised their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trimble presently has an average rating of "Buy" and a consensus target price of $86.00.
Check Out Our Latest Stock Report on TRMB
About Trimble
(
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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