Harvest Fund Management Co. Ltd Buys New Shares in Trimble Inc. (NASDAQ:TRMB)

Harvest Fund Management Co. Ltd bought a new stake in Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,602 shares of the scientific and technical instruments company’s stock, valued at approximately $113,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TRMB. Empowered Funds LLC grew its stake 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in Trimble by 21.0% during the third quarter. PNC Financial Services Group Inc. now owns 32,631 shares of the scientific and technical instruments company’s stock worth $2,026,000 after purchasing an additional 5,660 shares during the period. Advisors Asset Management Inc. bought a new position in Trimble during the third quarter worth $194,000. Intech Investment Management LLC boosted its position in Trimble by 10.2% during the third quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company’s stock worth $329,000 after purchasing an additional 489 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Trimble by 49.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after purchasing an additional 676,954 shares during the period. 93.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TRMB shares. 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. Sanford C. Bernstein lifted their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Finally, Oppenheimer lifted their target price on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $86.00.

Trimble Trading Down 0.2 %

Shares of Trimble stock opened at $70.54 on Friday. The firm’s 50-day moving average price is $72.52 and its two-hundred day moving average price is $68.44. The company has a market capitalization of $17.34 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.57. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,421 shares of company stock worth $831,683. Corporate insiders own 0.47% of the company’s stock.

About Trimble

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.