One Wealth Advisors LLC Increases Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

One Wealth Advisors LLC raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 29.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,046 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,582 shares during the quarter. One Wealth Advisors LLC’s holdings in Trimble were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. SYM FINANCIAL Corp increased its position in shares of Trimble by 4.4% during the fourth quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after buying an additional 172 shares during the period. Farrow Financial Inc. lifted its stake in shares of Trimble by 0.5% in the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after purchasing an additional 192 shares during the period. Empowered Funds LLC boosted its position in shares of Trimble by 3.4% during the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after purchasing an additional 193 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Trimble by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after purchasing an additional 219 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in Trimble by 4.4% in the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after purchasing an additional 237 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised 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. Oppenheimer raised their price objective on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Trimble has an average rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Down 0.6 %

Trimble stock opened at $74.96 on Monday. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock has a fifty day simple moving average of $73.19 and a two-hundred day simple moving average of $64.38. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 3.12 and a beta of 1.53.

Insider Buying and Selling

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 shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.47% of the stock is owned by corporate 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.