Exchange Traded Concepts LLC reduced its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 25.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,942 shares of the scientific and technical instruments company's stock after selling 62,697 shares during the quarter. Exchange Traded Concepts LLC owned about 0.07% of Trimble worth $12,715,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of TRMB. Farrow Financial Inc. increased its position in Trimble by 0.5% during the third 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 in the last quarter. Empowered Funds LLC increased its position in 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 purchasing an additional 193 shares in the last quarter. Profund Advisors LLC lifted its stake in shares of Trimble by 4.6% during the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company's stock worth $276,000 after purchasing an additional 219 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Trimble by 5.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company's stock valued at $247,000 after buying an additional 219 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Trimble by 4.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company's stock valued at $352,000 after acquiring an additional 237 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.
In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, 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. Corporate insiders own 0.47% of the company's stock.
A number of equities research analysts recently issued reports on TRMB shares. JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Oppenheimer lifted their target price on Trimble from $77.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Piper Sandler restated an "overweight" rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Finally, Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a research note on Monday, December 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trimble presently has a consensus rating of "Buy" and an average price target of $84.86.
Get Our Latest Report on TRMB
Shares of TRMB stock opened at $77.20 on Friday. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.73. 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 $18.97 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 3.21 and a beta of 1.52. The firm has a fifty day simple moving average of $72.60 and a 200-day simple moving average of $63.49.
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.
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