Ieq Capital LLC Has $3.05 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Ieq Capital LLC raised its position in Trimble Inc. (NASDAQ:TRMB) by 77.9% during the 4th quarter, HoldingsChannel reports. The fund owned 43,223 shares of the scientific and technical instruments company’s stock after buying an additional 18,921 shares during the quarter. Ieq Capital LLC’s holdings in Trimble were worth $3,054,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble in the 3rd quarter valued at approximately $49,000. Friedenthal Financial bought a new stake in Trimble in the 4th quarter valued at approximately $49,000. Cromwell Holdings LLC lifted its stake in Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 375 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 343 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Activity at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is owned by company insiders.

Trimble Stock Down 2.4 %

TRMB opened at $71.47 on Friday. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The stock’s fifty day simple moving average is $73.30 and its 200 day simple moving average is $66.38. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market cap of $17.57 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TRMB shares. StockNews.com upgraded Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Thursday. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Finally, Sanford C. Bernstein upped their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Seven equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $86.00.

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.