Trimble Inc. (NASDAQ:TRMB) Stock Position Lifted by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA boosted its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 29.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 255,327 shares of the scientific and technical instruments company's stock after purchasing an additional 58,193 shares during the quarter. Compagnie Lombard Odier SCmA owned approximately 0.10% of Trimble worth $18,041,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. lifted its position in shares of Trimble by 1.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 181,496 shares of the scientific and technical instruments company's stock valued at $12,923,000 after acquiring an additional 2,938 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Trimble by 34.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 38,534 shares of the scientific and technical instruments company's stock valued at $2,686,000 after acquiring an additional 9,813 shares in the last quarter. Savant Capital LLC lifted its position in shares of Trimble by 2.2% in the fourth quarter. Savant Capital LLC now owns 11,471 shares of the scientific and technical instruments company's stock valued at $811,000 after acquiring an additional 247 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Trimble by 10.6% in the fourth quarter. Empowered Funds LLC now owns 6,416 shares of the scientific and technical instruments company's stock valued at $453,000 after acquiring an additional 614 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of Trimble by 5.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 11,776 shares of the scientific and technical instruments company's stock valued at $832,000 after acquiring an additional 650 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TRMB shares. Piper Sandler restated an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. StockNews.com upgraded Trimble from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Sanford C. Bernstein upped 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. Robert W. Baird upped their target price on Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, Oppenheimer upped their target price on Trimble from $77.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $84.86.

Insider Transactions at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the company'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 completion of the sale, the vice president now owns 3,157 shares of the company's stock, valued at $235,985.75. This represents 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 at this hyperlink. Company insiders own 0.47% of the company's stock.

Trimble Trading Up 1.1 %

NASDAQ:TRMB traded up $0.85 on Tuesday, hitting $75.14. 2,383,943 shares of the stock were exchanged, compared to its average volume of 1,273,998. The stock has a market cap of $18.47 billion, a PE ratio of 12.57, a PEG ratio of 3.14 and a beta of 1.53. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $73.34 and a 200-day moving average of $66.01. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

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.