Bryn Mawr Capital Management LLC boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 1,000.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,902 shares of the scientific and technical instruments company's stock after acquiring an additional 49,002 shares during the period. Bryn Mawr Capital Management LLC's holdings in Trimble were worth $3,809,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC raised its stake 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 valued at $37,000 after purchasing an additional 520 shares during the period. Friedenthal Financial acquired a new stake in shares of Trimble in the 4th quarter valued at about $49,000. Mather Group LLC. raised its stake in shares of Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company's stock valued at $52,000 after purchasing an additional 343 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble in the 3rd quarter valued at about $49,000. Finally, Cromwell Holdings LLC raised its stake in shares of Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company's stock valued at $50,000 after purchasing an additional 375 shares during the period. 93.21% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now owns 3,157 shares of the company's stock, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.47% of the company's stock.
Analyst Upgrades and Downgrades
TRMB has been the topic of several recent research reports. Cfra raised 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. Oppenheimer lifted their target price on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday. StockNews.com raised Trimble from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a research report on Monday, December 16th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Trimble currently has an average rating of "Buy" and an average price target of $86.00.
Check Out Our Latest Stock Report on Trimble
Trimble Stock Performance
NASDAQ TRMB traded down $1.74 during trading on Friday, reaching $71.47. 1,852,430 shares of the company's stock were exchanged, compared to its average volume of 1,323,335. The business has a 50 day moving average price of $73.30 and a 200-day moving average price of $66.28. The stock has a market capitalization of $17.57 billion, a P/E ratio of 11.74, a PEG ratio of 3.09 and a beta of 1.53. 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 fifty-two week low of $48.65 and a fifty-two week high of $77.78.
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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