Larson Financial Group LLC Increases Stake in Trimble Inc. (NASDAQ:TRMB)

Larson Financial Group LLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 164.8% during the 4th quarter, Holdings Channel reports. The firm owned 678 shares of the scientific and technical instruments company’s stock after acquiring an additional 422 shares during the quarter. Larson Financial Group LLC’s holdings in Trimble were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Trimble in the 4th quarter valued at $36,000. TD Private Client Wealth LLC grew 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 valued at $37,000 after purchasing an additional 520 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Trimble in the fourth quarter valued at about $49,000. Mather Group LLC. lifted its holdings in shares of Trimble by 86.4% during the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 343 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in 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 valued at $60,000 after buying an additional 489 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling

In other news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were 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 owns 3,157 shares of the company’s stock, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on TRMB. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. Sanford C. Bernstein raised their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Robert W. Baird upped their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer lifted their price objective on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $86.00.

Trimble Trading Up 1.3 %

TRMB stock opened at $67.36 on Thursday. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a market cap of $16.56 billion, a P/E ratio of 11.06, a PEG ratio of 3.09 and a beta of 1.57. The company’s 50-day simple moving average is $72.71 and its 200-day simple moving average is $67.78.

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.