Kovitz Investment Group Partners LLC Acquires 193 Shares of Trimble Inc. (NASDAQ:TRMB)

Kovitz Investment Group Partners LLC raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,876 shares of the scientific and technical instruments company’s stock after acquiring an additional 193 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Trimble were worth $2,676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Barclays PLC grew its position in Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock valued at $46,151,000 after acquiring an additional 30,457 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Trimble during the 3rd quarter worth approximately $691,000. Peapack Gladstone Financial Corp increased its position in Trimble by 6.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,270 shares of the scientific and technical instruments company’s stock valued at $265,000 after acquiring an additional 270 shares during the period. Principal Financial Group Inc. raised its stake in shares of Trimble by 18.4% during the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after acquiring an additional 60,752 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after acquiring an additional 136,452 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 0.4 %

TRMB opened at $61.45 on Tuesday. Trimble Inc. has a twelve month low of $48.65 and a twelve month 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. The company has a fifty day moving average of $65.04 and a 200-day moving average of $68.89. The stock has a market cap of $15.10 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TRMB shares. Oppenheimer raised their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $86.00.

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.