Segall Bryant & Hamill LLC Makes New Investment in Trimble Inc. (NASDAQ:TRMB)

Segall Bryant & Hamill LLC 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. The fund bought 250,444 shares of the scientific and technical instruments company's stock, valued at approximately $17,696,000. Segall Bryant & Hamill LLC owned about 0.10% of Trimble as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in shares of Trimble by 3.4% in the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company's stock valued at $360,000 after buying an additional 193 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Trimble by 21.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 32,631 shares of the scientific and technical instruments company's stock valued at $2,026,000 after acquiring an additional 5,660 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Trimble during the 3rd quarter valued at approximately $194,000. Intech Investment Management LLC lifted its position in Trimble by 10.2% during the 3rd quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company's stock worth $329,000 after acquiring an additional 489 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company's stock valued at $127,692,000 after purchasing an additional 676,954 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

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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 shares were sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jennifer Allison sold 3,571 shares of the firm's stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now owns 3,157 shares of the company's stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Trimble Price Performance

TRMB traded down $2.46 on Friday, hitting $65.52. 1,409,556 shares of the company were exchanged, compared to its average volume of 1,370,799. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market capitalization of $16.10 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business's fifty day moving average is $72.15 and its 200 day moving average is $69.03.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRMB. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a report on Thursday, February 20th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Sanford C. Bernstein raised their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $86.00.

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.