Roman Butler Fullerton & Co. Takes Position in Trimble Inc. (NASDAQ:TRMB)

Roman Butler Fullerton & Co. bought a new stake in Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,708 shares of the scientific and technical instruments company’s stock, valued at approximately $206,000.

A number of other hedge funds have also made changes to their positions in TRMB. TD Private Client Wealth LLC increased its stake in 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 buying an additional 520 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Trimble during the 3rd quarter worth $49,000. Friedenthal Financial purchased a new stake in Trimble during the 4th quarter worth $49,000. Cromwell Holdings LLC increased 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 buying an additional 375 shares during the period. Finally, Mather Group LLC. increased its stake in Trimble by 86.4% during 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 during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Up 0.9 %

NASDAQ TRMB opened at $74.29 on Friday. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a 50-day simple moving average of $73.33 and a 200-day simple moving average of $65.61. 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 firm has a market capitalization of $18.26 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Piper Sandler reissued an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Oppenheimer boosted their target price on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report 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, Robert W. Baird boosted their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trimble presently has a consensus rating of “Buy” and a consensus target price of $84.86.

Insider Activity

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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

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.