Principal Securities Inc. Buys 1,405 Shares of Trimble Inc. (NASDAQ:TRMB)

Principal Securities Inc. raised its stake in Trimble Inc. (NASDAQ:TRMB) by 92.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,921 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,405 shares during the quarter. Principal Securities Inc.’s holdings in Trimble were worth $206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SYM FINANCIAL Corp increased its position in Trimble by 4.4% during the fourth quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock worth $290,000 after buying an additional 172 shares during the last quarter. Apollon Wealth Management LLC raised its stake in Trimble by 5.5% in the 4th quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock valued at $253,000 after acquiring an additional 188 shares during the period. Empowered Funds LLC boosted its position in Trimble by 3.4% during the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after purchasing an additional 193 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Trimble by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Trimble by 4.4% in the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock valued at $352,000 after purchasing an additional 237 shares during the period. Institutional investors own 93.21% of the company’s stock.

Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now owns 3,157 shares in the company, valued at $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 is available at this link. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Sanford C. Bernstein upped their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com raised Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 20th. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Cfra raised shares of 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. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Trimble has a consensus rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $70.93 on Tuesday. The company’s 50 day simple moving average is $73.23 and its 200 day simple moving average is $66.63. 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 Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53.

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.