TimesSquare Capital Management LLC Buys New Position in Trimble Inc. (NASDAQ:TRMB)

TimesSquare Capital Management LLC bought a new stake in Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, Holdings Channel reports. The fund bought 708,200 shares of the scientific and technical instruments company’s stock, valued at approximately $50,041,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRMB. TD Private Client Wealth LLC lifted its holdings in 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 acquiring an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Trimble in the 3rd quarter valued at about $49,000. Friedenthal Financial acquired a new stake in Trimble in the 4th quarter valued at about $49,000. Cromwell Holdings LLC lifted its holdings in Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 375 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 343 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the 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 transaction, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TRMB has been the subject of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Sanford C. Bernstein upped their price objective 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. 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 note on Monday, December 16th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $84.86.

Trimble Price Performance

NASDAQ TRMB opened at $75.14 on Wednesday. The company has a 50 day simple moving average of $73.34 and a 200-day simple moving average of $66.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The firm has a market capitalization of $18.47 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 3.10 and a beta of 1.53. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78.

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.