Trimble Inc. (NASDAQ:TRMB) Stock Holdings Lifted by Empowered Funds LLC

Empowered Funds LLC raised its position in Trimble Inc. (NASDAQ:TRMB) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,416 shares of the scientific and technical instruments company’s stock after purchasing an additional 614 shares during the quarter. Empowered Funds LLC’s holdings in Trimble were worth $453,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SYM FINANCIAL Corp boosted its stake 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 acquiring an additional 172 shares in the last quarter. Apollon Wealth Management LLC boosted its stake 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 acquiring an additional 188 shares in the last quarter. Farrow Financial Inc. boosted its stake 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 acquiring an additional 192 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake 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 acquiring an additional 219 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted 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 worth $352,000 after acquiring an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Up 0.6 %

Shares of TRMB opened at $75.57 on Thursday. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.10 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The business’s fifty day moving average price is $73.37 and its two-hundred day moving average price is $66.08. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78.

Analysts Set New Price Targets

Several analysts have recently issued reports on TRMB shares. Piper Sandler reiterated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Robert W. Baird boosted their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein boosted their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their price objective on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report 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 for the company in a research report on Monday, December 16th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $84.86.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction 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 of the company’s stock, valued at $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

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.