Trimble Inc. (NASDAQ:TRMB) Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 826.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,485 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,893 shares during the quarter. TD Private Client Wealth LLC’s holdings in Trimble were worth $388,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TRMB. Geode Capital Management LLC lifted its stake in shares of Trimble by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock valued at $364,984,000 after purchasing an additional 39,069 shares during the period. Victory Capital Management Inc. increased its holdings in Trimble by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock valued at $400,312,000 after buying an additional 222,679 shares in the last quarter. Boston Partners lifted its position in shares of Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock valued at $239,802,000 after acquiring an additional 2,312,937 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Trimble by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,080,628 shares of the scientific and technical instruments company’s stock worth $147,017,000 after acquiring an additional 24,070 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock worth $46,594,000 after acquiring an additional 136,452 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Performance

NASDAQ:TRMB opened at $72.07 on Tuesday. 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 firm has a market cap of $17.71 billion, a PE ratio of 11.83, a P/E/G ratio of 3.09 and a beta of 1.57. The firm has a 50 day simple moving average of $72.55 and a 200-day simple moving average of $68.65. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Thursday, February 20th. 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 report on Wednesday, December 11th. Finally, Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $86.00.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the company’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 transaction, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,421 shares of company stock worth $831,683. Insiders own 0.47% of the company’s stock.

Trimble Company 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.