NEOS Investment Management LLC Buys 3,631 Shares of Trimble Inc. (NASDAQ:TRMB)

NEOS Investment Management LLC raised its position in Trimble Inc. (NASDAQ:TRMB) by 31.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,336 shares of the scientific and technical instruments company’s stock after buying an additional 3,631 shares during the period. NEOS Investment Management LLC’s holdings in Trimble were worth $1,084,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crowley Wealth Management Inc. bought a new stake in Trimble during the 4th quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble during the fourth quarter worth approximately $36,000. TD Private Client Wealth LLC lifted its holdings in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 520 shares during the period. Finally, Larson Financial Group LLC boosted its stake in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 422 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRMB. StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Oppenheimer increased 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. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Sanford C. Bernstein increased their price target 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. Finally, Robert W. Baird lifted their price objective on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight research 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, Trimble currently has a consensus rating of “Buy” and an average price target of $86.00.

Insider Activity

In other news, VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock worth $831,683 over the last quarter. 0.47% of the stock is currently owned by company insiders.

Trimble Price Performance

NASDAQ TRMB opened at $65.52 on Friday. 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 stock has a market cap of $16.10 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 3.09 and a beta of 1.57. The business has a 50 day simple moving average of $72.15 and a 200 day simple moving average of $68.93. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78.

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.