Empowered Funds LLC Has $453,000 Holdings in Trimble Inc. (NASDAQ:TRMB)

Empowered Funds LLC increased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 10.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,416 shares of the scientific and technical instruments company’s stock after acquiring an additional 614 shares during the quarter. Empowered Funds LLC’s holdings in Trimble were worth $453,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TRMB. Creative Planning raised its stake in Trimble by 4.0% during the 3rd quarter. Creative Planning now owns 32,827 shares of the scientific and technical instruments company’s stock worth $2,038,000 after buying an additional 1,277 shares during the period. Blue Trust Inc. raised its stake in Trimble by 93.9% during the 3rd quarter. Blue Trust Inc. now owns 1,239 shares of the scientific and technical instruments company’s stock worth $77,000 after buying an additional 600 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Trimble by 78.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,721 shares of the scientific and technical instruments company’s stock worth $1,783,000 after buying an additional 12,660 shares during the period. Sequoia Financial Advisors LLC raised its stake in Trimble by 5.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after buying an additional 219 shares during the period. Finally, Liberty Capital Management Inc. raised its stake in Trimble by 1.9% during the 3rd quarter. Liberty Capital Management Inc. now owns 24,425 shares of the scientific and technical instruments company’s stock worth $1,517,000 after buying an additional 454 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $75.57 on Thursday. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.10 and a beta of 1.53. The business has a 50-day moving average of $73.37 and a 200-day moving average of $66.08. 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.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRMB. Sanford C. Bernstein lifted 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. Oppenheimer lifted their price target on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. raised 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. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $84.86.

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.