Guggenheim Capital LLC lessened its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 27.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,483 shares of the scientific and technical instruments company's stock after selling 5,190 shares during the quarter. Guggenheim Capital LLC's holdings in Trimble were worth $953,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in TRMB. 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 bought a new position in Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble during the 4th quarter worth $36,000. Larson Financial Group LLC raised 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 valued at $48,000 after acquiring an additional 422 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Trimble in the 4th quarter valued at $49,000. Institutional investors own 93.21% of the company's stock.
Insiders Place Their Bets
In related news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on TRMB. StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research report on Thursday, February 20th. Finally, Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $86.00.
View Our Latest Analysis on TRMB
Trimble Stock Up 3.2 %
Shares of TRMB stock opened at $58.01 on Wednesday. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The firm has a fifty day moving average of $66.14 and a 200-day moving average of $68.87. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.
Trimble 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.
Further Reading
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