Trimble Inc. (NASDAQ:TRMB) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC grew its position in Trimble Inc. (NASDAQ:TRMB) by 17.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,216 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,152 shares during the period. HighTower Advisors LLC’s holdings in Trimble were worth $3,336,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Trimble during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble during the fourth quarter worth about $36,000. TD Private Client Wealth LLC grew its holdings in 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 acquiring an additional 520 shares during the period. Larson Financial Group LLC grew its holdings in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 422 shares during the period. Finally, Friedenthal Financial acquired a new stake in Trimble during the fourth quarter worth about $49,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was 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 worth $831,683 over the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRMB has been the topic of several analyst reports. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Sanford C. Bernstein increased their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Robert W. Baird increased 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. Finally, Piper Sandler reiterated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Trimble currently has an average rating of “Buy” and an average target price of $86.00.

Trimble Stock Performance

NASDAQ TRMB opened at $70.68 on Friday. The company has a market cap of $17.37 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The stock’s 50 day simple moving average is $72.51 and its 200-day simple moving average is $68.25. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Trimble 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.