Heritage Financial Services LLC Invests $563,000 in Trimble Inc. (NASDAQ:TRMB)

Heritage Financial Services LLC purchased a new stake in Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,963 shares of the scientific and technical instruments company’s stock, valued at approximately $563,000.

A number of other large investors also recently bought and sold shares of the business. Farrow Financial Inc. increased its stake in shares of Trimble by 0.5% during 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 in the last quarter. Empowered Funds LLC raised its position 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 during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of 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 worth $247,000 after buying an additional 219 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Trimble by 4.4% during 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 acquiring an additional 237 shares during the last quarter. Finally, Westside Investment Management Inc. grew its stake in 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 valued at $1,452,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Transactions at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business’s 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 completion of the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TRMB shares. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Sanford C. Bernstein raised their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird upped their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer lifted their target price on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Piper Sandler reissued an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $84.86.

Trimble Price Performance

TRMB opened at $75.38 on Friday. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.10 and a beta of 1.52. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $73.13 and its 200 day moving average price is $64.17. Trimble Inc. has a 12-month low of $48.65 and a 12-month 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.