Trimble Inc. (NASDAQ:TRMB) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 93.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,400 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,161 shares during the period. Blue Trust Inc.’s holdings in Trimble were worth $170,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PFG Investments LLC acquired a new position in Trimble in the fourth quarter valued at approximately $204,000. Lantz Financial LLC acquired a new position in shares of Trimble in the 4th quarter valued at $212,000. CX Institutional boosted its holdings in Trimble by 4.1% during the fourth quarter. CX Institutional now owns 6,368 shares of the scientific and technical instruments company’s stock worth $450,000 after buying an additional 250 shares in the last quarter. Sound Income Strategies LLC grew its position in Trimble by 14.9% during the fourth quarter. Sound Income Strategies LLC now owns 2,666 shares of the scientific and technical instruments company’s stock valued at $188,000 after buying an additional 346 shares during the period. Finally, Brighton Jones LLC acquired a new position in shares of Trimble in the fourth quarter worth about $211,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, 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 filing with the SEC, which is available at this hyperlink. Company insiders own 0.47% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $74.35 on Wednesday. The company has a market cap of $18.27 billion, a P/E ratio of 12.43, a P/E/G ratio of 3.12 and a beta of 1.53. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company’s 50-day moving average price is $73.25 and its 200-day moving average price is $64.63.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TRMB shares. Robert W. Baird raised their target price on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Oppenheimer increased their target price on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $84.86.

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.