Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its position in Trimble Inc. (NASDAQ:TRMB) by 34.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,634 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,465 shares during the quarter. Simon Quick Advisors LLC’s holdings in Trimble were worth $963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lmcg Investments LLC bought a new position in Trimble in the 4th quarter worth approximately $3,283,000. Trust Asset Management LLC bought a new position in shares of Trimble in the fourth quarter worth $203,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Trimble by 3,560.5% during the fourth 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 period. Sax Wealth Advisors LLC raised its stake in shares of Trimble by 24.8% during the fourth quarter. Sax Wealth Advisors LLC now owns 5,322 shares of the scientific and technical instruments company’s stock valued at $376,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Trimble in the fourth quarter worth about $602,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction on Friday, January 17th. The shares were 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 in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TRMB has been the subject of several research reports. Robert W. Baird raised their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Oppenheimer boosted their price target on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $84.86.

Trimble Trading Up 1.3 %

NASDAQ TRMB opened at $77.40 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $19.02 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 3.17 and a beta of 1.52. The firm’s fifty day simple moving average is $72.46 and its 200-day simple moving average is $63.39. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.73.

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.