KBC Group NV boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 81.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,622 shares of the scientific and technical instruments company's stock after purchasing an additional 71,891 shares during the quarter. KBC Group NV owned about 0.06% of Trimble worth $11,279,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRMB. Farrow Financial Inc. grew its position in Trimble by 0.5% in the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company's stock valued at $2,425,000 after acquiring an additional 192 shares during the last quarter. Empowered Funds LLC lifted its stake in 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 period. Sequoia Financial Advisors LLC lifted its stake in Trimble by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company's stock valued at $247,000 after buying an additional 219 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Trimble by 4.4% during the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company's stock worth $352,000 after purchasing an additional 237 shares during the period. Finally, Westside Investment Management Inc. raised its position in shares of Trimble by 1.2% during the fourth quarter. Westside Investment Management Inc. now owns 20,552 shares of the scientific and technical instruments company's stock worth $1,452,000 after purchasing an additional 247 shares during the period. 93.21% of the stock is owned by institutional investors.
Trimble Stock Performance
TRMB traded up $0.97 on Thursday, reaching $75.74. 488,440 shares of the stock were exchanged, compared to its average volume of 1,231,752. The firm has a market capitalization of $18.62 billion, a PE ratio of 12.66, a PEG ratio of 3.21 and a beta of 1.52. The company's 50-day moving average price is $73.05 and its 200 day moving average price is $64.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.
Insider Activity
In related news, 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 value 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 represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.47% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target for the company in a research note on Monday, December 16th. 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. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Piper Sandler reissued an "overweight" rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Finally, StockNews.com upgraded Trimble from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trimble currently has a consensus rating of "Buy" and a consensus price target of $84.86.
Read Our Latest Report on Trimble
Trimble Company Profile
(
Free Report)
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.
See Also
Before you consider Trimble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trimble wasn't on the list.
While Trimble currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
