EverSource Wealth Advisors LLC Increases Stake in Trimble Inc. (NASDAQ:TRMB)

EverSource Wealth Advisors LLC grew its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,261 shares of the scientific and technical instruments company’s stock after buying an additional 262 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Trimble were worth $160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Trimble by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after acquiring an additional 39,069 shares during the last quarter. Victory Capital Management Inc. raised its position in Trimble by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock valued at $400,312,000 after purchasing an additional 222,679 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Trimble by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,080,628 shares of the scientific and technical instruments company’s stock worth $147,017,000 after buying an additional 24,070 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after buying an additional 136,452 shares during the period. Finally, Barclays PLC raised its holdings in shares of Trimble by 4.3% during the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock valued at $46,151,000 after acquiring an additional 30,457 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TRMB shares. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research report on Thursday, February 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Monday, December 16th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $86.00.

Insider Buying and Selling

In other news, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Christopher F. Keating sold 5,709 shares of the company’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. In the last ninety days, insiders sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by corporate insiders.

Trimble Stock Up 1.2 %

Trimble stock opened at $70.25 on Tuesday. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock has a fifty day simple moving average of $72.60 and a two-hundred day simple moving average of $68.11.

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.