Raymond James Financial Inc. Buys Shares of 187,000 Trimble Inc. (NASDAQ:TRMB)

Raymond James Financial Inc. bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 187,000 shares of the scientific and technical instruments company's stock, valued at approximately $13,213,000. Raymond James Financial Inc. owned approximately 0.08% of Trimble at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TRMB. SBI Securities Co. Ltd. bought a new position in shares of Trimble in the fourth quarter valued at $36,000. TD Private Client Wealth LLC grew its stake 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 valued at $37,000 after buying an additional 520 shares in the last quarter. Friedenthal Financial bought a new position in shares of Trimble in the fourth quarter valued at $49,000. Mather Group LLC. grew its stake in shares of Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company's stock valued at $52,000 after buying an additional 343 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Trimble by 137.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 844 shares of the scientific and technical instruments company's stock valued at $60,000 after buying an additional 489 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TRMB shares. Sanford C. Bernstein raised their price target on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Oppenheimer raised their price target on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Robert W. Baird raised their price target on Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and raised their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $86.00.

Remove Ads

Insider Transactions at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by corporate insiders.

Trimble Stock Performance

Shares of TRMB traded down $0.14 during midday trading on Friday, reaching $70.54. 3,049,939 shares of the stock were exchanged, compared to its average volume of 1,330,099. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.34 billion, a P/E ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.57. The stock's 50 day simple moving average is $72.52 and its 200 day simple moving average is $68.44.

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.