United Capital Financial Advisors LLC acquired a new stake in Trimble Inc. (NASDAQ:TRMB – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 88,669 shares of the scientific and technical instruments company’s stock, valued at approximately $4,538,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its holdings in shares of Trimble by 193.6% in the 4th quarter. Rothschild Investment LLC now owns 323 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 213 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Trimble during the second quarter valued at approximately $25,000. DV Equities LLC purchased a new position in Trimble during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Trimble during the fourth quarter valued at approximately $27,000. Finally, Vega Investment Solutions bought a new position in Trimble in the second quarter worth approximately $29,000. 93.21% of the stock is currently owned by institutional investors.
Trimble Stock Performance
Shares of TRMB opened at $61.01 on Friday. Trimble Inc. has a 12 month low of $47.92 and a 12 month high of $84.42. The stock has a fifty day moving average price of $55.15 and a 200-day moving average price of $59.99. The company has a current ratio of 0.95, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm has a market cap of $14.23 billion, a PE ratio of -124.51, a P/E/G ratio of 2.00 and a beta of 1.37.
Insider Buying and Selling at Trimble
In other news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the transaction, the director owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on TRMB shares. Raymond James Financial downgraded Trimble from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Barclays upped their price objective on Trimble from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Wells Fargo & Company cut their target price on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Finally, Weiss Ratings lowered shares of Trimble from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.78.
Read Our Latest Research Report on TRMB
Trimble Company Profile
Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.
Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.
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