EverSource Wealth Advisors LLC Boosts Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

EverSource Wealth Advisors LLC grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,261 shares of the scientific and technical instruments company’s stock after purchasing an additional 262 shares during the period. EverSource Wealth Advisors LLC’s holdings in Trimble were worth $160,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in Trimble by 17.9% during the 4th quarter. HighTower Advisors LLC now owns 47,216 shares of the scientific and technical instruments company’s stock valued at $3,336,000 after acquiring an additional 7,152 shares during the period. Natural Investments LLC bought a new stake in shares of Trimble during the 4th quarter valued at $292,000. AGF Management Ltd. lifted its holdings in Trimble by 768.7% during the 4th quarter. AGF Management Ltd. now owns 83,990 shares of the scientific and technical instruments company’s stock worth $5,935,000 after purchasing an additional 74,321 shares in the last quarter. Inspire Advisors LLC boosted its stake in Trimble by 1.8% in the 4th quarter. Inspire Advisors LLC now owns 9,675 shares of the scientific and technical instruments company’s stock worth $684,000 after purchasing an additional 175 shares during the period. Finally, SPX Gestao de Recursos Ltda purchased a new position in Trimble during the 4th quarter valued at about $1,413,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Up 1.2 %

TRMB opened at $70.25 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $72.60 and its 200 day simple moving average is $68.11. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The stock has a market cap of $17.27 billion, a PE ratio of 11.54, a P/E/G ratio of 3.09 and a beta of 1.57.

Insider Activity

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction that occurred 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 in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TRMB shares. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Monday, December 16th. StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Robert W. Baird upped their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer lifted their price objective on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.