Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 229.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,408 shares of the scientific and technical instruments company’s stock after purchasing an additional 981 shares during the quarter. Venturi Wealth Management LLC’s holdings in Trimble were worth $99,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its position 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 purchasing an additional 520 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Trimble during the 3rd quarter worth approximately $49,000. Friedenthal Financial purchased a new stake in shares of Trimble during the fourth quarter valued at approximately $49,000. Mather Group LLC. lifted its position in shares of 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 in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in Trimble during the 3rd quarter worth $76,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In related 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 value of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRMB has been the topic of several recent analyst reports. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Monday, December 16th. Robert W. Baird increased their target price on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research note on Thursday. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Trimble has an average rating of “Buy” and an average target price of $86.00.

Trimble Price Performance

Shares of TRMB opened at $71.47 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The company has a market cap of $17.57 billion, a P/E ratio of 11.74, a PEG ratio of 3.09 and a beta of 1.53. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock has a fifty day moving average price of $73.30 and a 200 day moving average price of $66.49.

Trimble Company 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.