Ieq Capital LLC Acquires 18,921 Shares of Trimble Inc. (NASDAQ:TRMB)

Ieq Capital LLC lifted its holdings in Trimble Inc. (NASDAQ:TRMB) by 77.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,223 shares of the scientific and technical instruments company’s stock after buying an additional 18,921 shares during the quarter. Ieq Capital LLC’s holdings in Trimble were worth $3,054,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. SYM FINANCIAL Corp raised its holdings in shares of Trimble by 4.4% in the fourth quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after buying an additional 172 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Trimble by 5.5% in the fourth quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock valued at $253,000 after buying an additional 188 shares during the last quarter. Farrow Financial Inc. raised its holdings in shares of Trimble by 0.5% in the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after buying an additional 192 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Trimble by 3.4% in the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 193 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Trimble by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after buying an additional 219 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Trimble stock opened at $71.47 on Friday. The firm has a market capitalization of $17.57 billion, a P/E ratio of 11.74, a PEG ratio of 3.09 and a beta of 1.53. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The business has a 50-day moving average of $73.30 and a 200-day moving average of $66.38. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now directly 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 hyperlink. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TRMB shares. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Thursday. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Oppenheimer boosted their price objective on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Finally, Piper Sandler reissued an “overweight” rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.