Trimble Inc. (NASDAQ:TRMB) Shares Bought by Atria Investments Inc

Atria Investments Inc raised its position in shares of Trimble Inc. (NASDAQ:TRMB) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,022 shares of the scientific and technical instruments company’s stock after acquiring an additional 537 shares during the quarter. Atria Investments Inc’s holdings in Trimble were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TRMB. SBI Securities Co. Ltd. acquired a new position in Trimble in the 4th quarter valued at $36,000. TD Private Client Wealth LLC boosted its stake in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 520 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Trimble during the fourth quarter worth $49,000. Mather Group LLC. raised its position in shares of Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after buying an additional 343 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Trimble by 137.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 844 shares of the scientific and technical instruments company’s stock worth $60,000 after buying an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Oppenheimer boosted their target price on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Robert W. Baird boosted their price target on shares of Trimble from $82.00 to $90.00 and gave the company 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. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Monday, December 16th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Eight research 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 stock has an average rating of “Buy” and a consensus target price of $86.00.

Insider Activity at Trimble

In other Trimble 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 sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $153,702.39. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 over the last 90 days. 0.47% of the stock is owned by corporate insiders.

Trimble Trading Up 1.2 %

TRMB opened at $70.25 on Tuesday. The business has a fifty day moving average price of $72.60 and a 200 day moving average price of $68.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The stock has a market capitalization of $17.27 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

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.