Wilmington Savings Fund Society FSB Increases Stock Position in Trimble Inc. (NASDAQ:TRMB)

Wilmington Savings Fund Society FSB raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,776 shares of the scientific and technical instruments company’s stock after purchasing an additional 650 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Trimble were worth $832,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TRMB. SYM FINANCIAL Corp lifted its stake in Trimble by 4.4% during the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after acquiring an additional 172 shares during the period. Apollon Wealth Management LLC grew its position in Trimble by 5.5% in the 4th quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock worth $253,000 after purchasing an additional 188 shares during the period. Farrow Financial Inc. lifted its holdings in shares of Trimble by 0.5% during the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after buying an additional 192 shares during the period. Empowered Funds LLC grew its holdings in shares of Trimble by 3.4% in the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after acquiring an additional 193 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after acquiring an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRMB shares. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Wolfe Research upgraded shares of 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. Piper Sandler reiterated an “overweight” rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Oppenheimer raised their price objective on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Sanford C. Bernstein increased their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $84.86.

Trimble Price Performance

TRMB stock opened at $74.36 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The company’s fifty day moving average price is $73.41 and its 200-day moving average price is $65.15. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a market capitalization of $18.28 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.