Nkcfo LLC Takes Position in Trimble Inc. (NASDAQ:TRMB)

Nkcfo LLC purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,000 shares of the scientific and technical instruments company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its position in shares of Trimble by 722.2% during the third 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 in the last quarter. Friedenthal Financial purchased a new stake in Trimble during the 4th quarter worth $49,000. Mather Group LLC. lifted its holdings in Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after buying an additional 343 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble during the third quarter valued at about $49,000. Finally, Cromwell Holdings LLC increased its position in shares of Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Finally, Sanford C. Bernstein increased their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Trimble presently has a consensus rating of “Buy” and an average target price of $84.86.

Insider Transactions at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the 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 sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.47% of the company’s stock.

Trimble Price Performance

TRMB opened at $74.29 on Friday. 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’s 50-day moving average price is $73.33 and its 200 day moving average price is $65.61. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.

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.