Trimble Inc. (NASDAQ:TRMB) Stake Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 220.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,371 shares of the scientific and technical instruments company's stock after acquiring an additional 12,642 shares during the period. Tower Research Capital LLC TRC's holdings in Trimble were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. grew its position in shares of Trimble by 0.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company's stock valued at $1,623,000 after purchasing an additional 141 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in Trimble by 0.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company's stock valued at $2,017,000 after buying an additional 141 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Trimble by 12.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company's stock worth $93,000 after buying an additional 149 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Trimble by 1.6% in the fourth quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company's stock worth $717,000 after acquiring an additional 156 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Trimble by 10.4% in the fourth quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company's stock worth $125,000 after acquiring an additional 167 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Up 0.1 %

Shares of TRMB stock traded up $0.06 during mid-day trading on Friday, reaching $61.71. The company's stock had a trading volume of 844,042 shares, compared to its average volume of 1,401,590. The company's 50 day simple moving average is $65.32 and its 200-day simple moving average is $68.85. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The firm has a market capitalization of $15.17 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRMB. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Finally, Oppenheimer upped their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $86.00.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. This represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the 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 disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

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.