Xponance Inc. Raises Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Xponance Inc. boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 1.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 36,070 shares of the scientific and technical instruments company’s stock after acquiring an additional 670 shares during the quarter. Xponance Inc.’s holdings in Trimble were worth $2,549,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the fourth quarter valued at $35,000. SBI Securities Co. Ltd. bought a new stake in Trimble during the 4th quarter valued at about $36,000. TD Private Client Wealth LLC boosted its position in Trimble by 722.2% in 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 buying an additional 520 shares during the period. Larson Financial Group LLC grew 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 in the last quarter. Finally, Friedenthal Financial purchased a new position in shares of Trimble during the fourth quarter worth approximately $49,000. Institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

TRMB has been the subject of a number of research reports. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Robert W. Baird increased their price target on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Finally, 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 report on Monday, December 16th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

Shares of Trimble stock opened at $70.54 on Friday. The company has a market capitalization of $17.34 billion, a PE ratio of 11.58, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a 50-day simple moving average of $72.52 and a two-hundred day simple moving average of $68.35. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. The trade was a 17.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. 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 90 days. 0.47% of the stock is owned by corporate 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.