Compagnie Lombard Odier SCmA Has $18.04 Million Position in Trimble Inc. (NASDAQ:TRMB)

Compagnie Lombard Odier SCmA raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 29.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,327 shares of the scientific and technical instruments company’s stock after buying an additional 58,193 shares during the quarter. Compagnie Lombard Odier SCmA owned about 0.10% of Trimble worth $18,041,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. SYM FINANCIAL Corp grew its position in shares of Trimble by 4.4% during the 4th 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 period. Apollon Wealth Management LLC grew its position in shares of Trimble by 5.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock worth $253,000 after buying an additional 188 shares during the period. Farrow Financial Inc. grew its position in shares of Trimble by 0.5% during the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock worth $2,425,000 after buying an additional 192 shares during the period. Empowered Funds LLC grew its position in shares of Trimble by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after buying an additional 193 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position 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 period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the company’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 transaction of $266,932.25. Following the sale, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

TRMB has been the subject of several analyst reports. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Oppenheimer lifted their price objective on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $84.86.

Trimble Trading Up 0.5 %

NASDAQ TRMB opened at $73.66 on Friday. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 3.14 and a beta of 1.53. The stock’s 50 day moving average price is $73.34 and its two-hundred day moving average price is $65.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78.

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.