Oak Thistle LLC Acquires Shares of 5,740 Trimble Inc. (NASDAQ:TRMB)

Oak Thistle LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,740 shares of the scientific and technical instruments company’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRMB. Geode Capital Management LLC increased its holdings in Trimble by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after acquiring an additional 39,069 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after purchasing an additional 1,594,732 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Trimble by 7.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock worth $203,976,000 after purchasing an additional 239,673 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Trimble by 18.7% in the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after buying an additional 434,065 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Trimble by 49.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after buying an additional 676,954 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the topic of several research reports. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Monday, December 16th. Oppenheimer lifted their target price on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein increased their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Robert W. Baird increased their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and a consensus price target of $84.86.

Trimble Price Performance

Shares of TRMB stock opened at $73.90 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The company has a market capitalization of $18.05 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.52. The firm’s 50-day moving average is $72.18 and its two-hundred day moving average is $62.70. Trimble Inc. has a 12 month low of $48.60 and a 12 month high of $76.97.

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.