Lbp Am Sa Raises Holdings in Trimble Inc. (NASDAQ:TRMB)

LBP AM SA grew its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 101.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,931 shares of the scientific and technical instruments company's stock after buying an additional 37,811 shares during the quarter. LBP AM SA's holdings in Trimble were worth $5,295,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new position in Trimble in the 4th quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble in the 4th quarter worth about $36,000. TD Private Client Wealth LLC raised its holdings in 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 purchasing an additional 520 shares during the period. Larson Financial Group LLC raised its holdings in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after purchasing an additional 422 shares during the period. Finally, Friedenthal Financial acquired a new position in Trimble in the 4th quarter worth about $49,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research note on Thursday, February 20th. Oppenheimer boosted their price objective on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a research note on Monday, December 16th. Finally, Sanford C. Bernstein boosted their price objective on Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $86.00.

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Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 10,162 shares of the company's stock, valued at $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. Insiders sold 11,421 shares of company stock worth $831,683 over the last ninety days. Corporate insiders own 0.47% of the company's stock.

Trimble Price Performance

Shares of TRMB stock traded up $1.45 during trading hours on Wednesday, reaching $71.64. The company had a trading volume of 2,041,608 shares, compared to its average volume of 1,316,566. 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 stock has a fifty day moving average of $72.57 and a 200-day moving average of $68.21. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 11.76, a PEG 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.

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.