Commonwealth Equity Services LLC Purchases 1,551 Shares of Trimble Inc. (NASDAQ:TRMB)

Commonwealth Equity Services LLC boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,527 shares of the scientific and technical instruments company’s stock after buying an additional 1,551 shares during the period. Commonwealth Equity Services LLC’s holdings in Trimble were worth $1,168,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRMB. Balboa Wealth Partners acquired a new stake in shares of Trimble during the 4th quarter worth approximately $216,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Trimble by 47.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 71,723 shares of the scientific and technical instruments company’s stock valued at $5,051,000 after purchasing an additional 23,156 shares in the last quarter. Telemark Asset Management LLC bought a new position in shares of Trimble in the 4th quarter valued at $4,240,000. Tredje AP fonden raised its holdings in shares of Trimble by 425.1% during the 4th quarter. Tredje AP fonden now owns 203,253 shares of the scientific and technical instruments company’s stock worth $14,362,000 after buying an additional 164,548 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Trimble during the 4th quarter worth $1,057,000. 93.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on TRMB. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their price target for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $86.00.

Trimble Price Performance

Trimble stock opened at $65.65 on Tuesday. The firm has a market cap of $16.14 billion, a P/E ratio of 10.78, a P/E/G ratio of 3.09 and a beta of 1.57. The stock’s 50 day moving average is $71.96 and its 200 day moving average is $69.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the 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 transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,421 shares of company stock worth $831,683. Company insiders own 0.47% of the company’s stock.

Trimble 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.