First Eagle Investment Management LLC Buys 300 Shares of Trimble Inc. (NASDAQ:TRMB)

First Eagle Investment Management LLC increased its stake in Trimble Inc. (NASDAQ:TRMB) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,995 shares of the scientific and technical instruments company’s stock after purchasing an additional 300 shares during the period. First Eagle Investment Management LLC’s holdings in Trimble were worth $282,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in shares of Trimble during the fourth quarter worth $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble during the 4th quarter valued at about $36,000. TD Private Client Wealth LLC boosted its stake in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares during the last quarter. Larson Financial Group LLC grew its position in shares of 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 bought a new stake in shares of Trimble during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TRMB shares. Oppenheimer lifted 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. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Sanford C. Bernstein upped their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. 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, Trimble has a consensus rating of “Buy” and a consensus target price of $86.00.

Trimble Trading Up 4.5 %

NASDAQ:TRMB opened at $69.39 on Monday. 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 business’s 50-day simple moving average is $72.62 and its 200-day simple moving average is $68.02. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock has a market capitalization of $17.06 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

Insider Buying and Selling at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by corporate insiders.

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.