TD Private Client Wealth LLC Raises Stake in Trimble Inc. (NASDAQ:TRMB)

TD Private Client Wealth LLC boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 826.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,485 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,893 shares during the quarter. TD Private Client Wealth LLC’s holdings in Trimble were worth $388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in shares of Trimble by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after acquiring an additional 193 shares during the period. PNC Financial Services Group Inc. raised its position in Trimble by 21.0% in the third quarter. PNC Financial Services Group Inc. now owns 32,631 shares of the scientific and technical instruments company’s stock valued at $2,026,000 after purchasing an additional 5,660 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Trimble during the third quarter worth about $194,000. Intech Investment Management LLC boosted its position in shares of Trimble by 10.2% in the third quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company’s stock worth $329,000 after buying an additional 489 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Trimble by 49.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after buying an additional 676,954 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Stock Up 2.2 %

NASDAQ:TRMB opened at $72.07 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The stock has a 50-day simple moving average of $72.55 and a 200 day simple moving average of $68.65.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of analyst reports. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday, December 16th. Sanford C. Bernstein raised their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer raised their target price on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $86.00.

Insiders Place Their Bets

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble 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. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 in the last quarter. 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.