Lantz Financial LLC Makes New Investment in Trimble Inc. (NASDAQ:TRMB)

Lantz Financial LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,001 shares of the scientific and technical instruments company’s stock, valued at approximately $212,000.

A number of other large investors have also recently made changes to their positions in the stock. Farrow Financial Inc. boosted its holdings in 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 worth $2,425,000 after purchasing an additional 192 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Trimble by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after buying an additional 193 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Trimble by 4.6% in the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock worth $276,000 after acquiring an additional 219 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in 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 acquiring an additional 219 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in Trimble by 4.4% in the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after purchasing an additional 237 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction 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 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 legal filing with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by company insiders.

Trimble Trading Down 0.1 %

Shares of TRMB stock opened at $77.42 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The stock has a fifty day simple moving average of $72.74 and a two-hundred day simple moving average of $63.70. The firm has a market capitalization of $19.03 billion, a PE ratio of 12.95, a PEG ratio of 3.21 and a beta of 1.52. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRMB. Oppenheimer increased their price objective on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Sanford C. Bernstein boosted their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $84.86.

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.