Lmcg Investments LLC Purchases Shares of 46,458 Trimble Inc. (NASDAQ:TRMB)

Lmcg Investments LLC acquired a new stake in Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 46,458 shares of the scientific and technical instruments company’s stock, valued at approximately $3,283,000.

Other institutional investors also recently modified their holdings of the company. Trust Asset Management LLC acquired a new stake in shares of Trimble during the fourth quarter worth $203,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Trimble by 3,560.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 16,765 shares of the scientific and technical instruments company’s stock valued at $1,185,000 after purchasing an additional 16,307 shares during the last quarter. Sax Wealth Advisors LLC lifted its stake in shares of Trimble by 24.8% in the 4th quarter. Sax Wealth Advisors LLC now owns 5,322 shares of the scientific and technical instruments company’s stock valued at $376,000 after acquiring an additional 1,059 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Trimble during the fourth quarter worth about $602,000. Finally, Avanza Fonder AB acquired a new position in Trimble in the 4th quarter valued at approximately $1,844,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Up 1.4 %

Shares of TRMB opened at $74.92 on Tuesday. The firm’s 50 day simple moving average is $72.30 and its 200 day simple moving average is $63.15. Trimble Inc. has a 1-year low of $48.60 and a 1-year high of $76.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The company has a market capitalization of $18.41 billion, a P/E ratio of 12.53, a P/E/G ratio of 3.11 and a beta of 1.52.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRMB. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Oppenheimer increased 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. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein lifted their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $84.86.

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.