Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Forum Financial Management LP

Forum Financial Management LP lifted its stake in Trimble Inc. (NASDAQ:TRMB) by 33.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,050 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,271 shares during the quarter. Forum Financial Management LP’s holdings in Trimble were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Trimble during the fourth quarter valued at $190,391,000. Boston Partners boosted its holdings in shares of Trimble by 217.3% during the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock worth $239,802,000 after purchasing an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC purchased a new position in Trimble during the fourth quarter valued at approximately $50,041,000. JPMorgan Chase & Co. lifted its position in Trimble by 69.4% in the 4th quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company’s stock worth $89,837,000 after buying an additional 520,980 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Trimble by 1,064.6% in the fourth quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company’s stock worth $32,257,000 after acquiring an additional 417,313 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

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

Trimble Stock Performance

TRMB opened at $56.22 on Tuesday. 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 stock’s 50 day moving average price is $66.45 and its two-hundred day moving average price is $68.94. The firm has a market capitalization of $13.82 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company’s stock, valued at $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 available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were 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. 0.47% of the stock is currently owned by insiders.

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.