Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Barclays PLC

Barclays PLC increased its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 753,431 shares of the scientific and technical instruments company's stock after buying an additional 10,112 shares during the quarter. Barclays PLC owned about 0.31% of Trimble worth $53,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new stake in Trimble during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Trimble in the fourth quarter valued at $36,000. Larson Financial Group LLC increased its stake in 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 worth $48,000 after buying an additional 422 shares during the period. Finally, Friedenthal Financial purchased a new position in Trimble in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 93.21% of the company's stock.

Wall Street Analyst Weigh In

TRMB has been the topic of several recent analyst reports. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. Finally, StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trimble presently has an average rating of "Buy" and a consensus target price of $86.00.

Trimble Stock Performance

TRMB traded up $1.09 on Tuesday, hitting $57.31. 163,515 shares of the company's stock were exchanged, compared to its average volume of 1,393,466. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $66.45 and a two-hundred day moving average of $68.94. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The firm has a market cap of $14.09 billion, a PE ratio of 9.42, a P/E/G ratio of 3.09 and a beta of 1.57.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Company 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.