Segall Bryant & Hamill LLC Takes Position in Trimble Inc. (NASDAQ:TRMB)

Segall Bryant & Hamill LLC acquired a new position in Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 250,444 shares of the scientific and technical instruments company’s stock, valued at approximately $17,696,000. Segall Bryant & Hamill LLC owned 0.10% of Trimble at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in shares of Trimble by 3.4% during 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 purchasing an additional 193 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Trimble by 21.0% during the third quarter. PNC Financial Services Group Inc. now owns 32,631 shares of the scientific and technical instruments company’s stock worth $2,026,000 after buying an additional 5,660 shares during the period. Advisors Asset Management Inc. bought a new stake in Trimble during the 3rd quarter valued at $194,000. Intech Investment Management LLC increased its holdings in shares of Trimble by 10.2% in the 3rd quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company’s stock valued at $329,000 after acquiring an additional 489 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after acquiring an additional 676,954 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRMB. Sanford C. Bernstein lifted their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research report on Thursday, February 20th. StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Finally, Robert W. Baird increased their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $86.00.

Insider Buying and Selling at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was 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 of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is currently owned by insiders.

Trimble Price Performance

NASDAQ TRMB opened at $70.48 on Wednesday. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The stock’s fifty day moving average price is $72.53 and its 200 day moving average price is $68.76. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78.

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.