Inspire Investing LLC Sells 882 Shares of Trimble Inc. (NASDAQ:TRMB)

Inspire Investing LLC trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,366 shares of the scientific and technical instruments company’s stock after selling 882 shares during the period. Inspire Investing LLC’s holdings in Trimble were worth $1,863,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. TD Private Client Wealth LLC grew its holdings 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 last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble in the third quarter worth $49,000. Friedenthal Financial bought a new position in Trimble during the fourth quarter worth $49,000. Cromwell Holdings LLC raised 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 valued at $50,000 after purchasing an additional 375 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in Trimble in the 3rd quarter valued at $76,000. 93.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Jennifer Allison sold 3,571 shares of Trimble 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 transaction, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRMB shares. Sanford C. Bernstein upped their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer upped their price target on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Monday, December 16th. Piper Sandler restated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $84.86.

Trimble Price Performance

NASDAQ TRMB opened at $77.40 on Thursday. The firm’s 50 day moving average is $72.46 and its 200-day moving average is $63.39. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $19.02 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 3.17 and a beta of 1.52. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.73.

Trimble 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.