TD Private Client Wealth LLC Purchases 4,893 Shares of Trimble Inc. (NASDAQ:TRMB)

TD Private Client Wealth LLC lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 826.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,485 shares of the scientific and technical instruments company's stock after buying an additional 4,893 shares during the quarter. TD Private Client Wealth LLC's holdings in Trimble were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRMB. Boston Partners raised its holdings in shares of Trimble by 217.3% during the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock worth $239,802,000 after purchasing an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC purchased a new position in Trimble in the 4th quarter worth about $50,041,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Trimble by 49.1% during the third 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 buying an additional 676,954 shares in the last quarter. Sora Investors LLC purchased a new stake in Trimble in the 3rd quarter worth approximately $22,663,000. Finally, Principal Financial Group Inc. increased its position in Trimble by 73.1% in the 4th quarter. Principal Financial Group Inc. now owns 677,217 shares of the scientific and technical instruments company's stock worth $47,852,000 after purchasing an additional 285,907 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have commented on TRMB. Robert W. Baird lifted their price target on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Oppenheimer increased their price objective 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. Finally, Piper Sandler restated an "overweight" rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $86.00.

Trimble Trading Down 3.6 %

Shares of Trimble stock traded down $2.46 on Friday, hitting $65.52. 1,409,556 shares of the company traded hands, compared to its average volume of 1,377,148. The company has a market cap of $16.10 billion, a PE ratio of 10.76, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock's 50 day moving average price is $72.34 and its 200-day moving average price is $68.76.

Insider Buying and Selling

In other news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 in the last 90 days. Insiders own 0.47% of the company's stock.

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.