5,555 Shares in Trimble Inc. (NASDAQ:TRMB) Purchased by Quantessence Capital LLC

Quantessence Capital LLC bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,555 shares of the scientific and technical instruments company's stock, valued at approximately $393,000.

Several other institutional investors have also bought and sold shares of TRMB. Crowley Wealth Management Inc. bought a new position in Trimble during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in Trimble during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble in the fourth quarter worth $36,000. Larson Financial Group LLC increased its stake in shares of Trimble by 164.8% in 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 buying an additional 422 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Trimble in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Insider Buying and Selling at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

Trimble Stock Performance

Trimble stock traded down $0.63 during midday trading on Monday, reaching $61.09. 248,860 shares of the company's stock were exchanged, compared to its average volume of 1,397,057. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 3.09 and a beta of 1.57. The stock's 50-day simple moving average is $65.32 and its 200 day simple moving average is $68.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Oppenheimer increased their target price on shares of 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 target price for the company in a research note on Thursday, February 20th. Eight equities 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, Trimble presently has an average rating of "Buy" and a consensus target price of $86.00.

Trimble 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.