Simon Quick Advisors LLC Has $963,000 Position in Trimble Inc. (NASDAQ:TRMB)

Simon Quick Advisors LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 34.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,634 shares of the scientific and technical instruments company's stock after purchasing an additional 3,465 shares during the quarter. Simon Quick Advisors LLC's holdings in Trimble were worth $963,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its position in shares of Trimble by 722.2% during 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 during the period. Catalyst Capital Advisors LLC bought a new stake in Trimble during the 3rd quarter valued at $49,000. Friedenthal Financial acquired a new position in Trimble during the 4th quarter worth $49,000. Cromwell Holdings LLC grew its stake in shares of Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company's stock worth $50,000 after purchasing an additional 375 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new position in shares of Trimble during the third quarter valued at $76,000. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

Shares of NASDAQ TRMB traded up $0.09 during trading on Thursday, hitting $77.49. The company had a trading volume of 1,210,310 shares, compared to its average volume of 1,246,928. The company has a market cap of $19.05 billion, a P/E ratio of 12.96, a PEG ratio of 3.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The business's 50-day moving average is $72.46 and its 200 day moving average is $63.39. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.73.

Insider Transactions at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Wolfe Research raised shares of 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. StockNews.com upgraded shares of Trimble from a "hold" rating to a "buy" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein increased their price target on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $84.86.

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.