LPL Financial LLC raised its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 95.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,839 shares of the scientific and technical instruments company's stock after purchasing an additional 21,871 shares during the period. LPL Financial LLC's holdings in Trimble were worth $3,168,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new position in shares of Trimble during the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new position in Trimble during the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC boosted its position in shares of Trimble by 722.2% in 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 purchasing an additional 520 shares during the period. Larson Financial Group LLC increased its stake 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 worth $48,000 after purchasing an additional 422 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in shares of Trimble during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 93.21% of the company's stock.
Analyst Ratings Changes
TRMB has been the subject of a number of analyst reports. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. 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 research note on Monday, December 16th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. Finally, Oppenheimer lifted their price objective 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 research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Trimble presently has an average rating of "Buy" and an average target price of $86.00.
Check Out Our Latest Analysis on TRMB
Insider Buying and Selling at Trimble
In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was 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 in the company, valued at approximately $729,529.98. This trade represents 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 90 days. Company insiders own 0.47% of the company's stock.
Trimble Trading Up 0.2 %
Shares of TRMB stock traded up $0.10 during trading hours on Tuesday, reaching $59.59. 994,844 shares of the stock were exchanged, compared to its average volume of 1,392,150. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The firm has a market capitalization of $14.65 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company's 50-day moving average price is $68.07 and its 200-day moving average price is $69.07.
Trimble Company 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.
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