Adage Capital Partners GP L.L.C. raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 161.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 601,122 shares of the scientific and technical instruments company's stock after purchasing an additional 370,900 shares during the period. Adage Capital Partners GP L.L.C. owned 0.24% of Trimble worth $42,475,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TRMB. Crowley Wealth Management Inc. purchased a new stake in shares of Trimble during the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. bought a new position in Trimble in the 4th quarter worth $36,000. Larson Financial Group LLC lifted its position in shares of Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 422 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Trimble in the fourth quarter worth approximately $49,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was 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 $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.
Trimble Stock Performance
Shares of NASDAQ TRMB traded down $0.63 during mid-day trading on Wednesday, hitting $61.32. The stock had a trading volume of 336,371 shares, compared to its average volume of 1,398,855. The company has a 50 day moving average of $64.81 and a two-hundred day moving average of $68.84. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. 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 firm has a market cap of $15.07 billion, a PE ratio of 10.07, a PEG ratio of 3.09 and a beta of 1.57.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research note on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $86.00.
Check Out Our Latest Stock Analysis on TRMB
Trimble Company Profile
(
Free Report)
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.
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