Wells Fargo & Company MN Purchases 1,842 Shares of Trimble Inc. (NASDAQ:TRMB)

Wells Fargo & Company MN increased its position in Trimble Inc. (NASDAQ:TRMB) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 414,808 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,842 shares during the quarter. Wells Fargo & Company MN owned about 0.17% of Trimble worth $29,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRMB. Crowley Wealth Management Inc. bought a new stake in shares of Trimble in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in Trimble in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble in the 4th quarter worth $36,000. TD Private Client Wealth LLC increased its holdings in shares of 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 worth $37,000 after purchasing an additional 520 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Transactions at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of Trimble 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 completion of the transaction, the director now owns 10,162 shares of the company’s stock, 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 quarter, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wolfe Research raised 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. Oppenheimer upped their target price on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $58.22 on Friday. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business’s fifty day moving average price is $68.38 and its two-hundred day moving average price is $69.03. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

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.