Montag A & Associates Inc. purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,040 shares of the scientific and technical instruments company's stock, valued at approximately $497,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Trimble by 4.0% during the 3rd quarter. Creative Planning now owns 32,827 shares of the scientific and technical instruments company's stock worth $2,038,000 after acquiring an additional 1,277 shares in the last quarter. Claro Advisors LLC bought a new stake in shares of Trimble during the 3rd quarter worth $237,000. Blue Trust Inc. boosted its stake in shares of Trimble by 93.9% during the 3rd quarter. Blue Trust Inc. now owns 1,239 shares of the scientific and technical instruments company's stock worth $77,000 after acquiring an additional 600 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Trimble by 78.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,721 shares of the scientific and technical instruments company's stock worth $1,783,000 after acquiring an additional 12,660 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Trimble by 5.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company's stock worth $247,000 after acquiring an additional 219 shares in the last quarter. 93.21% of the stock is owned by institutional investors.
Insider Buying and Selling at Trimble
In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm's 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 $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.47% of the company's stock.
Trimble Stock Down 2.4 %
Shares of NASDAQ:TRMB traded down $1.74 during midday trading on Friday, hitting $71.47. 1,852,430 shares of the stock were exchanged, compared to its average volume of 1,347,057. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The business's fifty day simple moving average is $73.30 and its two-hundred day simple moving average is $66.28. The company has a market capitalization of $17.57 billion, a PE ratio of 11.74, a P/E/G ratio of 3.17 and a beta of 1.53.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TRMB. Cfra raised 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. Piper Sandler restated an "overweight" rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and increased their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. StockNews.com upgraded Trimble from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, Oppenheimer increased their target price on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $86.00.
Read Our Latest Research Report on TRMB
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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