Venturi Wealth Management LLC Raises Stock Position in Trimble Inc. (NASDAQ:TRMB)

Venturi Wealth Management LLC lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 229.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,408 shares of the scientific and technical instruments company’s stock after acquiring an additional 981 shares during the quarter. Venturi Wealth Management LLC’s holdings in Trimble were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. TD Private Client Wealth LLC grew its stake in shares of 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 purchasing an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Trimble in the 3rd quarter valued at about $49,000. Friedenthal Financial acquired a new stake in shares of Trimble during the 4th quarter worth about $49,000. Mather Group LLC. lifted its stake in 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 last quarter. Finally, Sentry Investment Management LLC acquired a new position in Trimble in the third quarter valued at approximately $76,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRMB. Sanford C. Bernstein boosted their price objective on shares of 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. raised Trimble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer raised their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Monday, December 16th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Trimble has a consensus rating of “Buy” and a consensus target price of $86.00.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Trimble Stock Down 2.4 %

TRMB stock opened at $71.47 on Monday. The stock has a market capitalization of $17.57 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The company has a fifty day moving average of $73.30 and a 200-day moving average of $66.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

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.