Xponance Inc. Boosts Holdings in Trimble Inc. (NASDAQ:TRMB)

Xponance Inc. grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,070 shares of the scientific and technical instruments company’s stock after acquiring an additional 670 shares during the period. Xponance Inc.’s holdings in Trimble were worth $2,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TRMB. KBC Group NV increased its holdings in Trimble by 81.9% in the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock worth $11,279,000 after acquiring an additional 71,891 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Trimble by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock worth $46,594,000 after purchasing an additional 136,452 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Trimble by 76.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock valued at $2,496,000 after purchasing an additional 17,424 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in shares of Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in 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 buying an additional 676,954 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Activity at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, valued at $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 quarter, insiders sold 11,421 shares of company stock valued at $831,683. Insiders own 0.47% of the company’s stock.

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $70.54 on Friday. The firm has a fifty day simple moving average of $72.52 and a two-hundred day simple moving average of $68.35. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. 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 stock has a market capitalization of $17.34 billion, a P/E ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.57.

Wall Street Analyst Weigh In

TRMB has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. 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. Oppenheimer increased their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus 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.