Dynasty Wealth Management LLC Makes New $538,000 Investment in Trimble Inc. (NASDAQ:TRMB)

Dynasty Wealth Management LLC purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,617 shares of the scientific and technical instruments company’s stock, valued at approximately $538,000.

Other institutional investors have also made changes to their positions in the company. SYM FINANCIAL Corp boosted its holdings in Trimble by 4.4% during 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 acquiring an additional 172 shares during the period. Apollon Wealth Management LLC increased its stake 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 worth $253,000 after purchasing an additional 188 shares during the period. Empowered Funds LLC lifted its position in shares of Trimble by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after purchasing an additional 193 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Trimble by 4.4% during the 3rd 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. Finally, Westside Investment Management Inc. lifted its position in shares of Trimble by 1.2% during the 4th quarter. Westside Investment Management Inc. now owns 20,552 shares of the scientific and technical instruments company’s stock worth $1,452,000 after purchasing an additional 247 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 over the last quarter. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Oppenheimer increased their price objective on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Robert W. Baird increased their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Cfra raised shares of 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, February 20th. Finally, Sanford C. Bernstein increased 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. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $86.00.

Trimble Price Performance

NASDAQ:TRMB opened at $71.98 on Friday. The company has a market capitalization of $17.69 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 3.09 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a 50-day moving average of $73.22 and a 200-day moving average of $66.97.

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.