Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,007 shares of the scientific and technical instruments company's stock after acquiring an additional 9,323 shares during the period. Stifel Financial Corp owned approximately 0.05% of Trimble worth $9,116,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in Trimble by 220.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,371 shares of the scientific and technical instruments company's stock worth $1,298,000 after acquiring an additional 12,642 shares during the period. Sharpepoint LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $943,000. MML Investors Services LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $1,110,000. MetLife Investment Management LLC increased its holdings in shares of Trimble by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 64,621 shares of the scientific and technical instruments company's stock valued at $4,566,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Norinchukin Bank The lifted its stake in shares of Trimble by 10.5% in the 4th quarter. Norinchukin Bank The now owns 11,273 shares of the scientific and technical instruments company's stock valued at $797,000 after purchasing an additional 1,074 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Price Performance

Shares of NASDAQ:TRMB traded up $0.40 during trading on Thursday, reaching $62.54. The stock had a trading volume of 1,131,234 shares, compared to its average volume of 1,403,609. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The stock has a market cap of $14.92 billion, a PE ratio of 10.27, a PEG ratio of 3.09 and a beta of 1.57. The business has a fifty day moving average price of $64.63 and a 200-day moving average price of $68.79.

Insiders Place Their Bets

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the business'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 transaction was disclosed in a document filed with the SEC, which is accessible through 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 sale, the director now owns 10,162 shares of the company's stock, 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. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRMB. StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Oppenheimer lifted their price target on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a research report 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $86.00.

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.