HighTower Advisors LLC Boosts Stake in Trimble Inc. (NASDAQ:TRMB)

HighTower Advisors LLC lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,216 shares of the scientific and technical instruments company's stock after purchasing an additional 7,152 shares during the quarter. HighTower Advisors LLC's holdings in Trimble were worth $3,336,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. KBC Group NV boosted its holdings in Trimble by 81.9% during the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock worth $11,279,000 after buying an additional 71,891 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Trimble by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock worth $46,594,000 after acquiring an additional 136,452 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Trimble by 76.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company's stock worth $2,496,000 after acquiring an additional 17,424 shares in the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Trimble by 768.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company's stock worth $9,295,000 after acquiring an additional 132,467 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company's stock valued at $127,692,000 after purchasing an additional 676,954 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Trimble Trading Up 2.2 %

Shares of TRMB traded up $1.53 on Monday, hitting $72.07. 1,167,759 shares of the stock traded hands, compared to its average volume of 1,329,449. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The stock's 50 day moving average is $72.52 and its two-hundred day moving average is $68.53. The firm has a market capitalization of $17.71 billion, a P/E ratio of 11.83, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRMB shares. Robert W. Baird boosted their target price on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a research report on Thursday, February 20th. Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Sanford C. Bernstein raised their price objective on shares of Trimble from $82.00 to $85.00 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 note on Monday, March 3rd. 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $86.00.

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 firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. 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.

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.