Gries Financial LLC Boosts Holdings in Trimble Inc. (NASDAQ:TRMB)

Gries Financial LLC boosted its stake in Trimble Inc. (NASDAQ:TRMB) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,747 shares of the scientific and technical instruments company’s stock after acquiring an additional 256 shares during the period. Gries Financial LLC’s holdings in Trimble were worth $265,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Farrow Financial Inc. lifted its holdings in shares of Trimble by 0.5% in the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after purchasing an additional 192 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Trimble by 3.4% in the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after acquiring an additional 193 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after acquiring an additional 219 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Trimble by 4.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock valued at $352,000 after acquiring an additional 237 shares during the period. Finally, Westside Investment Management Inc. raised its position in Trimble by 1.2% in the 4th quarter. Westside Investment Management Inc. now owns 20,552 shares of the scientific and technical instruments company’s stock valued at $1,452,000 after purchasing an additional 247 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TRMB shares. Robert W. Baird raised their price objective on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their price target 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 Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Sanford C. Bernstein boosted their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Wolfe Research raised 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. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Up 0.8 %

TRMB opened at $75.38 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock has a market capitalization of $18.53 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.10 and a beta of 1.52. The business has a 50 day simple moving average of $73.13 and a 200-day simple moving average of $64.17.

Insiders Place Their Bets

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by company insiders.

About Trimble

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.