Geode Capital Management LLC lifted its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,036,228 shares of the scientific and technical instruments company's stock after purchasing an additional 138,136 shares during the quarter. Geode Capital Management LLC owned about 2.46% of Trimble worth $425,427,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in TRMB. Crowley Wealth Management Inc. purchased a new position in shares of Trimble during the fourth quarter worth $28,000. 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. purchased a new stake in shares of Trimble in the fourth quarter worth about $36,000. TD Private Client Wealth LLC grew its holdings in Trimble by 722.2% during the third 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 during the period. Finally, Larson Financial Group LLC raised its position in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after acquiring an additional 422 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.
Trimble Price Performance
Shares of NASDAQ TRMB traded down $4.44 during trading on Thursday, reaching $57.05. The company had a trading volume of 433,723 shares, compared to its average volume of 1,384,573. The stock has a 50-day moving average price of $69.02 and a two-hundred day moving average price of $69.04. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $14.02 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.
Analyst Ratings Changes
TRMB has been the subject of a number of analyst reports. Sanford C. Bernstein upped 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. Piper Sandler reissued an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Cfra upgraded 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. Robert W. Baird raised their target price on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $86.00.
Check Out Our Latest Stock Report on TRMB
Insider Buying and Selling at Trimble
In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated 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 directly owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This represents a 17.40 % 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 worth $831,683. Insiders own 0.47% of the company's stock.
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.
Read More
Before you consider Trimble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trimble wasn't on the list.
While Trimble currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
