Russell Investments Group Ltd. Boosts Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Russell Investments Group Ltd. raised its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 298,749 shares of the scientific and technical instruments company's stock after purchasing an additional 86,752 shares during the period. Russell Investments Group Ltd. owned about 0.12% of Trimble worth $21,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in TRMB. Crowley Wealth Management Inc. bought a new position in Trimble during the 4th quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in shares of Trimble during the fourth 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 raised its stake in 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 buying an additional 520 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 422 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by company insiders.

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Trimble Stock Performance

Shares of TRMB traded up $0.37 during trading hours on Tuesday, reaching $59.86. 174,474 shares of the company traded hands, compared to its average volume of 1,388,982. 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 business has a fifty day moving average price of $68.07 and a 200-day moving average price of $69.07. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The stock has a market capitalization of $14.71 billion, a P/E ratio of 9.84, a P/E/G ratio of 3.09 and a beta of 1.57.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TRMB shares. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. Oppenheimer increased their price target 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. Wolfe Research upgraded shares of 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, StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Trimble presently has an average rating of "Buy" and a consensus target price of $86.00.

Trimble 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.