Spectrum Strategic Capital Management LLC Takes $212,000 Position in Trimble Inc. (NASDAQ:TRMB)

Spectrum Strategic Capital Management LLC purchased a new position in Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,000 shares of the scientific and technical instruments company’s stock, valued at approximately $212,000. Trimble comprises about 0.1% of Spectrum Strategic Capital Management LLC’s holdings, making the stock its 29th biggest position.

A number of other large investors have also added to or reduced their stakes in TRMB. TD Private Client Wealth LLC increased its stake in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Trimble during the 3rd quarter valued at $49,000. Friedenthal Financial bought a new position in shares of Trimble during the 4th quarter worth $49,000. Cromwell Holdings LLC raised 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 during the period. Finally, Sentry Investment Management LLC purchased a new stake in Trimble during the third quarter valued at about $76,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 1.9 %

Shares of TRMB stock opened at $75.96 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The business has a 50-day moving average of $72.86 and a 200 day moving average of $63.90. The stock has a market capitalization of $18.67 billion, a PE ratio of 12.70, a P/E/G ratio of 3.21 and a beta of 1.52. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This 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 at this link. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent research reports. Robert W. Baird upped their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday, December 16th. 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. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Oppenheimer increased their price target on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Trimble has a consensus rating of “Buy” and an average target price of $84.86.

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.