3,000 Shares in Trimble Inc. (NASDAQ:TRMB) Bought by Nkcfo LLC

Nkcfo LLC bought a new stake in Trimble Inc. (NASDAQ:TRMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the scientific and technical instruments company’s stock, valued at approximately $212,000.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Trimble by 41.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after acquiring an additional 1,594,732 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Trimble by 49.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after purchasing an additional 676,954 shares during the last quarter. Impax Asset Management Group plc increased its stake in shares of Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after purchasing an additional 434,065 shares in the last quarter. Sora Investors LLC acquired a new position in shares of Trimble during the 3rd quarter worth approximately $22,663,000. Finally, Assenagon Asset Management S.A. lifted its stake in Trimble by 132.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,774 shares of the scientific and technical instruments company’s stock valued at $32,397,000 after buying an additional 296,893 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Up 0.9 %

Shares of TRMB opened at $74.29 on Friday. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The firm has a market capitalization of $18.26 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $73.33 and its 200 day simple moving average is $65.61.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TRMB. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Monday, December 16th. Sanford C. Bernstein boosted their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird raised their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer upped their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler reissued an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $84.86.

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.