MML Investors Services LLC Invests $1.11 Million in Trimble Inc. (NASDAQ:TRMB)

MML Investors Services LLC bought a new stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,716 shares of the scientific and technical instruments company's stock, valued at approximately $1,110,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Crowley Wealth Management Inc. bought a new stake in shares of Trimble in the 4th quarter worth $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Trimble during the fourth quarter valued at about $36,000. Larson Financial Group LLC lifted its position in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after purchasing an additional 422 shares during the last quarter. Finally, Friedenthal Financial purchased a new stake in Trimble during the 4th quarter valued at $49,000. Institutional investors own 93.21% of the company's stock.

Trimble Stock Performance

Shares of TRMB traded down $0.50 during mid-day trading on Monday, reaching $64.09. 1,027,938 shares of the company's stock were exchanged, compared to its average volume of 1,393,712. The business's fifty day simple moving average is $64.32 and its 200-day simple moving average is $68.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The stock has a market capitalization of $15.29 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a report on Thursday, February 20th. Oppenheimer boosted their target price on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $86.00.

Insider Transactions at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. 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.