Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,666 shares of the scientific and technical instruments company’s stock after buying an additional 346 shares during the quarter. Sound Income Strategies LLC’s holdings in Trimble were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farrow Financial Inc. increased its stake in Trimble by 0.5% in the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after purchasing an additional 192 shares in the last quarter. Empowered Funds LLC grew its holdings in Trimble by 3.4% in the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after purchasing an additional 193 shares during the last quarter. Profund Advisors LLC increased its position in shares of Trimble by 4.6% in the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after buying an additional 219 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of 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 last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Trimble by 4.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after buying an additional 237 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRMB. Piper Sandler restated an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Sanford C. Bernstein raised 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. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $84.86.

Insider Buying and Selling

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Performance

NASDAQ TRMB opened at $77.42 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $19.03 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 3.21 and a beta of 1.52. The business’s 50-day moving average price is $72.74 and its 200 day moving average price is $63.64. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

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.