SBI Securities Co. Ltd. Makes New Investment in Trimble Inc. (NASDAQ:TRMB)

SBI Securities Co. Ltd. acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 505 shares of the scientific and technical instruments company’s stock, valued at approximately $36,000.

Other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 520 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of Trimble during the 4th quarter valued at about $49,000. Mather Group LLC. lifted its holdings in shares of Trimble by 86.4% during the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after buying an additional 343 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Trimble by 137.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 844 shares of the scientific and technical instruments company’s stock valued at $60,000 after buying an additional 489 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Trimble by 9,042.9% during the 3rd quarter. True Wealth Design LLC now owns 1,280 shares of the scientific and technical instruments company’s stock valued at $79,000 after buying an additional 1,266 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $66.49 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $72.78 and its two-hundred day moving average is $67.78. The company has a market cap of $16.34 billion, a P/E ratio of 10.92, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

Wall Street Analysts Forecast Growth

TRMB has been the subject of several research reports. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday, December 16th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Oppenheimer raised their price objective on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $86.00.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of the business’s 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 sale, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Over the last ninety 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.