Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,961 shares of the scientific and technical instruments company's stock, valued at approximately $1,057,000.
Several other hedge funds and other institutional investors have also bought and sold shares of TRMB. Rialto Wealth Management LLC acquired a new position in shares of Trimble in the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble in the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC boosted its holdings in shares of Trimble by 722.2% during 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 buying an additional 520 shares in the last quarter. Larson Financial Group LLC grew its position 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 buying an additional 422 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of Trimble in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 93.21% of the company's stock.
Trimble Stock Up 2.2 %
Shares of Trimble stock traded up $1.53 on Monday, hitting $72.07. The company had a trading volume of 1,167,759 shares, compared to its average volume of 1,329,449. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of 11.83, a P/E/G 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. The stock has a 50 day moving average of $72.52 and a 200-day moving average of $68.53.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TRMB. Piper Sandler reissued an "overweight" rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Sanford C. Bernstein increased their price objective 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. Oppenheimer boosted their target price on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $86.00.
Read Our Latest Report on TRMB
Insider Activity at Trimble
In related news, VP Christopher F. Keating sold 5,709 shares of Trimble 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 SEC, which is available through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by insiders.
Trimble Company 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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