69,883 Shares in Trimble Inc. (NASDAQ:TRMB) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 69,883 shares of the scientific and technical instruments company’s stock, valued at approximately $4,938,000.

Other institutional investors have also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Trimble by 2.1% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 99,866 shares of the scientific and technical instruments company’s stock valued at $7,057,000 after purchasing an additional 2,100 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Trimble by 43.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 22,222 shares of the scientific and technical instruments company’s stock valued at $1,570,000 after buying an additional 6,699 shares in the last quarter. Horizon Advisory Services Inc. bought a new stake in shares of Trimble during the fourth quarter worth $353,000. Ieq Capital LLC increased its holdings in shares of Trimble by 77.9% during the fourth quarter. Ieq Capital LLC now owns 43,223 shares of the scientific and technical instruments company’s stock worth $3,054,000 after buying an additional 18,921 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its stake in shares of Trimble by 1,000.0% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 53,902 shares of the scientific and technical instruments company’s stock valued at $3,809,000 after acquiring an additional 49,002 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling

In other news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock valued at $831,683 over the last quarter. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

TRMB has been the topic of a number of research reports. 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 report on Thursday, February 20th. Robert W. Baird boosted their price target on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and raised their price target for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $86.00.

Trimble Stock Down 3.2 %

Shares of NASDAQ TRMB opened at $69.68 on Tuesday. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The company’s 50 day moving average price is $73.19 and its 200-day moving average price is $67.27. The company has a market capitalization of $17.13 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53.

Trimble Profile

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.