Orion Portfolio Solutions LLC Grows Stock Position in Trimble Inc. (NASDAQ:TRMB)

Orion Portfolio Solutions LLC lifted its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 66.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,965 shares of the scientific and technical instruments company's stock after acquiring an additional 9,129 shares during the period. Orion Portfolio Solutions LLC's holdings in Trimble were worth $1,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV grew its holdings in Trimble by 81.9% in 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 purchasing an additional 71,891 shares during the period. JPMorgan Chase & Co. lifted its stake in 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 valued at $46,594,000 after acquiring an additional 136,452 shares during the period. Benjamin Edwards Inc. boosted its holdings in Trimble by 76.5% in the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company's stock worth $2,496,000 after purchasing an additional 17,424 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Trimble by 5.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock worth $26,560,000 after buying an additional 17,785 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its stake in shares of Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company's stock valued at $9,295,000 after purchasing an additional 132,467 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Trimble Price Performance

Shares of TRMB traded down $0.90 during midday trading on Tuesday, hitting $55.12. 1,697,672 shares of the company traded hands, compared to its average volume of 1,384,750. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 3.09 and a beta of 1.57. The firm has a 50 day moving average of $69.57 and a 200-day moving average of $69.07. 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.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,421 shares of company stock worth $831,683. Corporate insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRMB shares. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. Robert W. Baird raised their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Oppenheimer increased their price target on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a research report on Monday, December 16th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $86.00.

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.