Jones Financial Companies Lllp Boosts Holdings in Trimble Inc. (NASDAQ:TRMB)

Jones Financial Companies Lllp grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 80.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,991 shares of the scientific and technical instruments company’s stock after buying an additional 14,223 shares during the quarter. Jones Financial Companies Lllp’s holdings in Trimble were worth $2,260,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC raised its holdings in Trimble by 722.2% during the third 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 in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Trimble during the 3rd quarter worth approximately $49,000. Friedenthal Financial purchased a new position in shares of Trimble during the 4th quarter worth approximately $49,000. Mather Group LLC. lifted its holdings in shares of Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after buying an additional 343 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Trimble by 137.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 844 shares of the scientific and technical instruments company’s stock valued at $60,000 after buying an additional 489 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Up 1.5 %

TRMB stock opened at $69.49 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The company’s 50 day simple moving average is $73.12 and its 200-day simple moving average is $67.37. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The firm has a market capitalization of $17.08 billion, a PE ratio of 11.41, a P/E/G ratio of 3.09 and a beta of 1.53.

Analysts Set New Price Targets

TRMB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday. Robert W. Baird upped their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Monday, December 16th. Finally, Sanford C. Bernstein upped their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trimble has a consensus rating of “Buy” and a consensus target price of $86.00.

Insider Activity at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by corporate insiders.

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.