500 Shares in Trimble Inc. (NASDAQ:TRMB) Acquired by Rialto Wealth Management LLC

Rialto Wealth Management LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 500 shares of the scientific and technical instruments company’s stock, valued at approximately $35,000.

A number of other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its position in Trimble by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after buying an additional 39,069 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Trimble by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock worth $400,312,000 after acquiring an additional 222,679 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after purchasing an additional 434,065 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Trimble by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,080,628 shares of the scientific and technical instruments company’s stock valued at $147,017,000 after purchasing an additional 24,070 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Trimble by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after purchasing an additional 136,452 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TRMB shares. Oppenheimer lifted their price objective on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Robert W. Baird lifted their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. 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. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Monday, December 16th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $86.00.

Trimble Trading Up 2.1 %

Shares of TRMB stock opened at $69.06 on Monday. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The stock has a 50 day simple moving average of $72.94 and a 200-day simple moving average of $67.64.

Insider Buying and Selling

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by corporate insiders.

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.