11,627 Shares in Trimble Inc. (NASDAQ:TRMB) Acquired by Choreo LLC

Choreo LLC acquired a new stake in Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 11,627 shares of the scientific and technical instruments company’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SYM FINANCIAL Corp boosted its holdings in Trimble by 4.4% in 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 acquiring an additional 172 shares during the last quarter. Farrow Financial Inc. boosted 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 last quarter. Empowered Funds LLC grew its position in shares of Trimble by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after buying an additional 193 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Trimble by 5.8% during 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 buying an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted 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 valued at $352,000 after buying an additional 237 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRMB. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Monday, December 16th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Piper Sandler reissued an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Oppenheimer boosted their target price on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $84.86.

Insider Buying and Selling

In other news, VP Jennifer Allison sold 3,571 shares of the company’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 completion of the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

Trimble Trading Down 1.3 %

NASDAQ TRMB opened at $74.36 on Monday. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. 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 firm has a market cap of $18.28 billion, a P/E ratio of 12.43, a P/E/G ratio of 3.14 and a beta of 1.53. The stock’s 50-day moving average is $73.39 and its 200-day moving average is $65.01.

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.