IQ EQ FUND MANAGEMENT IRELAND Ltd Makes New Investment in Trimble Inc. (NASDAQ:TRMB)

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,436 shares of the scientific and technical instruments company's stock, valued at approximately $525,000.

A number of other large investors have also modified their holdings of the company. Crowley Wealth Management Inc. bought a new position in shares of Trimble in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new position in Trimble during the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble during the 4th quarter worth about $36,000. TD Private Client Wealth LLC lifted its stake in shares of Trimble by 722.2% in 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 acquiring an additional 520 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Trimble by 164.8% in 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. Institutional investors and hedge funds own 93.21% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TRMB shares. Oppenheimer increased their price target on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Monday, December 16th. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. Robert W. Baird increased their target price on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $86.00.

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Trimble Stock Up 1.1 %

Shares of TRMB stock traded up $0.70 on Wednesday, reaching $66.08. 456,381 shares of the company's stock traded hands, compared to its average volume of 1,566,396. The company has a market capitalization of $16.24 billion, a P/E ratio of 10.87, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The business's 50 day moving average price is $71.74 and its two-hundred day moving average price is $69.16.

Insider Buying and Selling at Trimble

In other news, 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 transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company's stock, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

About Trimble

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.