Inspire Advisors LLC Buys 175 Shares of Trimble Inc. (NASDAQ:TRMB)

Inspire Advisors LLC boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 9,675 shares of the scientific and technical instruments company’s stock after buying an additional 175 shares during the period. Inspire Advisors LLC’s holdings in Trimble were worth $684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in Trimble during the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble during the 4th quarter valued at approximately $36,000. TD Private Client Wealth LLC raised its stake in 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 valued at $37,000 after purchasing an additional 520 shares during the period. Larson Financial Group LLC increased its stake in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 422 shares during the last quarter. Finally, Friedenthal Financial bought a new stake in Trimble in the 4th quarter worth approximately $49,000. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

TRMB opened at $66.49 on Wednesday. The business has a fifty day moving average of $72.78 and a 200 day moving average of $67.78. 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 cap of $16.34 billion, a P/E ratio of 10.92, a PEG ratio of 3.09 and a beta of 1.57.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of research reports. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price objective on shares of Trimble 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 objective on the stock in a research note on Monday, December 16th. Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a report on Thursday, February 20th. Eight research 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.com, the company currently has a consensus rating of “Buy” and a consensus price target of $86.00.

Insider Activity at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business’s 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 disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 in the last quarter. 0.47% of the stock is owned by company insiders.

Trimble Company 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.