6,059 Shares in Trimble Inc. $TRMB Bought by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC purchased 6,059 shares of Trimble Inc. in the 2nd quarter, valued at approximately $460,000.
• Multiple institutional investors have increased their stakes in Trimble, with the majority of the company's stock, 93.21%, owned by hedge funds and other institutions.
• Analyst ratings for Trimble include an "outperform" from Raymond James and a target price increase to $93.00, indicating strong confidence in the stock's performance.

GC Wealth Management RIA LLC purchased a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,059 shares of the scientific and technical instruments company's stock, valued at approximately $460,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC purchased a new stake in Trimble in the 1st quarter worth $45,000. Steph & Co. grew its holdings in shares of Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company's stock worth $53,000 after buying an additional 592 shares in the last quarter. State of Wyoming purchased a new stake in shares of Trimble during the first quarter worth $58,000. Farther Finance Advisors LLC grew its holdings in shares of Trimble by 153.5% during the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company's stock worth $64,000 after buying an additional 591 shares in the last quarter. Finally, Friedenthal Financial grew its holdings in shares of Trimble by 64.7% during the first quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company's stock worth $76,000 after buying an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $93.00 target price (up previously from $85.00) on shares of Trimble in a report on Thursday, August 7th. Wall Street Zen raised shares of Trimble from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. upped their target price on shares of Trimble from $96.00 to $98.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Finally, Oppenheimer upped their target price on shares of Trimble from $88.00 to $94.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat, Trimble has a consensus rating of "Buy" and an average target price of $90.75.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,156 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $252,480.00. Following the transaction, the vice president owned 2,882 shares of the company's stock, valued at $230,560. This represents a 52.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Mark David Schwartz sold 1,476 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $78.00, for a total transaction of $115,128.00. Following the completion of the transaction, the vice president directly owned 22,405 shares in the company, valued at $1,747,590. The trade was a 6.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 230,357 shares of company stock valued at $19,181,521 over the last three months. Company insiders own 0.54% of the company's stock.

Trimble Trading Down 0.4%

Shares of TRMB stock opened at $81.65 on Wednesday. The company's 50-day moving average price is $82.04 and its 200-day moving average price is $73.79. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of 70.39, a PEG ratio of 3.36 and a beta of 1.66. Trimble Inc. has a twelve month low of $52.91 and a twelve month high of $87.50.

Trimble (NASDAQ:TRMB - Get Free Report) last posted its earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.08. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The company had revenue of $875.70 million for the quarter, compared to analysts' expectations of $835.81 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. Trimble's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

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.

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