Inspire Advisors LLC Grows Position in Trimble Inc. (NASDAQ:TRMB)

Inspire Advisors LLC grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,675 shares of the scientific and technical instruments company’s stock after purchasing an additional 175 shares during the quarter. Inspire Advisors LLC’s holdings in Trimble were worth $684,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TRMB. Impax Asset Management Group plc raised its holdings in shares of Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after acquiring an additional 434,065 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Trimble by 18.4% during the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after acquiring an additional 60,752 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Trimble by 7.5% during the third quarter. Crossmark Global Holdings Inc. now owns 18,071 shares of the scientific and technical instruments company’s stock valued at $1,122,000 after acquiring an additional 1,257 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of Trimble during the third quarter valued at approximately $210,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Trimble by 27.1% during the third quarter. GSA Capital Partners LLP now owns 10,477 shares of the scientific and technical instruments company’s stock valued at $651,000 after acquiring an additional 2,231 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 0.0 %

Shares of NASDAQ:TRMB opened at $66.49 on Wednesday. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 3.09 and a beta of 1.57. 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 stock’s 50-day simple moving average is $72.78 and its two-hundred day simple moving average is $67.78. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,421 shares of company stock valued at $831,683. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TRMB. Piper Sandler restated an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Oppenheimer increased their price objective on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Sanford C. Bernstein increased their price objective on Trimble from $82.00 to $85.00 and gave the stock 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 stock. Based on data from MarketBeat.com, Trimble presently has a consensus rating of “Buy” and an average target price of $86.00.

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.