Principal Securities Inc. Purchases 1,405 Shares of Trimble Inc. (NASDAQ:TRMB)

Principal Securities Inc. lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 92.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,921 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,405 shares during the quarter. Principal Securities Inc.’s holdings in Trimble were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Montag A & Associates Inc. bought a new stake in Trimble in the fourth quarter valued at about $497,000. Roman Butler Fullerton & Co. acquired a new stake in Trimble in the 4th quarter valued at $206,000. CFC Planning Co LLC bought a new stake in Trimble in the fourth quarter valued at $274,000. Compagnie Lombard Odier SCmA lifted its holdings in shares of Trimble by 29.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 255,327 shares of the scientific and technical instruments company’s stock valued at $18,041,000 after acquiring an additional 58,193 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Trimble by 1.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 181,496 shares of the scientific and technical instruments company’s stock valued at $12,923,000 after purchasing an additional 2,938 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRMB. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and raised their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Sanford C. Bernstein lifted their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a report on Thursday, February 20th. Finally, StockNews.com raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $86.00.

Trimble Stock Down 0.8 %

Shares of NASDAQ TRMB opened at $70.93 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $17.43 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The firm’s 50-day moving average is $73.23 and its 200-day moving average is $66.63. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78.

Insider Buying and Selling at Trimble

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