Genesis Private Wealth LLC Acquires Shares of 2,873 Trimble Inc. (NASDAQ:TRMB)

Genesis Private Wealth LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,873 shares of the scientific and technical instruments company’s stock, valued at approximately $203,000.

Several other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in shares of Trimble by 27.9% during the second quarter. American Century Companies Inc. now owns 16,067 shares of the scientific and technical instruments company’s stock valued at $898,000 after acquiring an additional 3,507 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Trimble by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 228,235 shares of the scientific and technical instruments company’s stock worth $12,763,000 after purchasing an additional 13,845 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Trimble by 24.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock valued at $102,842,000 after purchasing an additional 361,421 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Trimble by 22.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,611 shares of the scientific and technical instruments company’s stock valued at $929,000 after purchasing an additional 3,026 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Trimble during the 2nd quarter worth $269,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

TRMB stock opened at $77.40 on Thursday. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.73. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 3.17 and a beta of 1.52. The business has a fifty day moving average of $72.46 and a two-hundred day moving average of $63.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TRMB shares. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Sanford C. Bernstein upped their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trimble presently has an average rating of “Buy” and an average price target of $84.86.

Insider Buying and Selling

In other Trimble 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 transaction of $266,932.25. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

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.