D.B. Root & Company LLC Cuts Stake in Trimble Inc. (NASDAQ:TRMB)

D.B. Root & Company LLC cut its stake in Trimble Inc. (NASDAQ:TRMB) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,142 shares of the scientific and technical instruments company’s stock after selling 315 shares during the quarter. D.B. Root & Company LLC’s holdings in Trimble were worth $929,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its position in shares of Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Trimble in the 3rd quarter valued at $49,000. Friedenthal Financial purchased a new position in Trimble in the 4th quarter valued at $49,000. Cromwell Holdings LLC boosted its stake in Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of Trimble during the third quarter worth $76,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRMB shares. Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Robert W. Baird upped their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer upped their target price on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trimble has an average rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Performance

NASDAQ TRMB opened at $77.40 on Thursday. The stock has a market cap of $19.02 billion, a PE ratio of 12.94, a P/E/G ratio of 3.17 and a beta of 1.52. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.73. The stock has a fifty day simple moving average of $72.46 and a 200-day simple moving average of $63.39. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The stock was 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 directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by 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.