Trimble Inc. (NASDAQ:TRMB) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,351 shares of the scientific and technical instruments company’s stock after buying an additional 914 shares during the period. Commonwealth Equity Services LLC’s holdings in Trimble were worth $826,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TRMB. Ronald Blue Trust Inc. grew its stake in shares of Trimble by 320.0% during the 4th quarter. Ronald Blue Trust Inc. now owns 546 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 416 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Trimble during the 4th quarter worth $40,000. Glassman Wealth Services grew its stake in shares of Trimble by 117.6% during the 4th quarter. Glassman Wealth Services now owns 892 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 482 shares during the period. Column Capital Advisors LLC grew its stake in shares of Trimble by 67.8% during the 4th quarter. Column Capital Advisors LLC now owns 1,134 shares of the scientific and technical instruments company’s stock worth $57,000 after purchasing an additional 458 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Trimble during the 3rd quarter worth approximately $67,000. 89.49% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Performance

NASDAQ TRMB opened at $47.53 on Wednesday. The business’s 50-day moving average price is $48.47 and its 200 day moving average price is $52.57. Trimble Inc. has a twelve month low of $45.43 and a twelve month high of $72.24. The company has a market capitalization of $11.78 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 1.72 and a beta of 1.56. The company has a current ratio of 1.51, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $53.20, for a total transaction of $79,800.00. Following the completion of the transaction, the director now owns 1,936 shares of the company’s stock, valued at $102,995.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director James Calvin Dalton sold 1,500 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $53.20, for a total transaction of $79,800.00. Following the completion of the sale, the director now owns 1,936 shares in the company, valued at approximately $102,995.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Peter Large sold 950 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $51.11, for a total transaction of $48,554.50. Following the completion of the transaction, the senior vice president now owns 154 shares in the company, valued at approximately $7,870.94. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Piper Sandler decreased their price target on Trimble from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 9th. 888 reaffirmed a “maintains” rating on shares of Trimble in a research note on Thursday, May 4th. Robert W. Baird cut their price target on Trimble from $63.00 to $59.00 in a research note on Thursday, May 4th. Edward Jones raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, April 5th. Finally, Northcoast Research cut shares of Trimble from a “neutral” rating to a “sell” rating and set a $40.00 price objective for the company. in a research note on Tuesday, March 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $59.00.

Trimble Company Profile

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Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.