Horizon Advisory Services Inc. Takes $353,000 Position in Trimble Inc. (NASDAQ:TRMB)

Horizon Advisory Services Inc. bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,989 shares of the scientific and technical instruments company’s stock, valued at approximately $353,000. Trimble comprises approximately 0.2% of Horizon Advisory Services Inc.’s portfolio, making the stock its 17th biggest holding.

Other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its position 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 worth $37,000 after buying an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble in the third quarter worth $49,000. Friedenthal Financial bought a new stake in Trimble in the fourth quarter worth $49,000. Mather Group LLC. lifted its position in Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after buying an additional 343 shares during the last quarter. Finally, Sentry Investment Management LLC bought a new stake in Trimble in the third quarter worth $76,000. 93.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TRMB has been the subject of a number of analyst reports. Sanford C. Bernstein raised their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. Piper Sandler reiterated an “overweight” rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. StockNews.com upgraded Trimble from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 20th. Finally, Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Trimble has a consensus rating of “Buy” and an average target price of $86.00.

Trimble Stock Performance

Shares of Trimble stock opened at $70.93 on Tuesday. The firm has a market cap of $17.43 billion, a P/E ratio of 11.65, a P/E/G ratio of 3.09 and a beta of 1.53. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock’s fifty day moving average price is $73.23 and its 200-day moving average price is $66.63.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, 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 filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.

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.