Jones Financial Companies Lllp Increases Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Jones Financial Companies Lllp boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 80.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,991 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,223 shares during the quarter. Jones Financial Companies Lllp’s holdings in Trimble were worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its stake in shares of 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 valued at $37,000 after acquiring an additional 520 shares during the last quarter. Friedenthal Financial purchased a new stake in Trimble in the fourth quarter valued at approximately $49,000. Mather Group LLC. increased its position in Trimble by 86.4% during the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 343 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Trimble during the third quarter worth approximately $49,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Trimble by 137.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 844 shares of the scientific and technical instruments company’s stock valued at $60,000 after purchasing an additional 489 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of research analyst reports. Sanford C. Bernstein upped their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer boosted their target price on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $86.00.

Trimble Stock Up 1.5 %

Shares of NASDAQ:TRMB opened at $69.49 on Thursday. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The company has a 50 day moving average of $73.12 and a two-hundred day moving average of $67.37. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm’s 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 sale, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,421 shares of company stock valued at $831,683. Corporate insiders own 0.47% of the company’s stock.

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.