Crowley Wealth Management Inc. Invests $28,000 in Trimble Inc. (NASDAQ:TRMB)

Crowley Wealth Management Inc. bought a new position in Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, Holdings Channel.com reports. The firm bought 400 shares of the scientific and technical instruments company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rialto Wealth Management LLC purchased a new position in Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new position in Trimble in the fourth quarter valued at approximately $36,000. TD Private Client Wealth LLC lifted its stake in Trimble by 722.2% in the third 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 lifted its stake in 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 purchasing an additional 422 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in Trimble in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Monday, December 16th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Robert W. Baird boosted their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Oppenheimer boosted their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $86.00.

Insiders Place Their Bets

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock valued at $831,683 over the last quarter. 0.47% of the stock is owned by corporate insiders.

Trimble Stock Down 0.2 %

Shares of TRMB opened at $70.54 on Monday. The firm has a market cap of $17.34 billion, a P/E ratio of 11.58, a P/E/G ratio of 3.09 and a beta of 1.57. The stock has a 50 day simple moving average of $72.52 and a two-hundred day simple moving average of $68.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78.

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.