Savant Capital LLC Increases Holdings in Trimble Inc. (NASDAQ:TRMB)

Savant Capital LLC grew its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 11,471 shares of the scientific and technical instruments company’s stock after acquiring an additional 247 shares during the quarter. Savant Capital LLC’s holdings in Trimble were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TRMB. TD Private Client Wealth LLC increased its position in shares of Trimble by 722.2% during 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 purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Trimble in the 3rd quarter worth about $49,000. Friedenthal Financial purchased a new stake in Trimble in the 4th quarter worth about $49,000. Cromwell Holdings LLC increased 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 worth $50,000 after acquiring an additional 375 shares during the last quarter. Finally, Mather Group LLC. increased 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 worth $52,000 after acquiring an additional 343 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TRMB shares. Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Oppenheimer lifted their price objective on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised 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 report on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and a consensus price target of $84.86.

Insiders Place Their Bets

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Performance

NASDAQ TRMB opened at $74.29 on Friday. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. 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 stock has a market capitalization of $18.26 billion, a PE ratio of 12.42, a P/E/G ratio of 3.14 and a beta of 1.53. The company’s 50 day simple moving average is $73.33 and its two-hundred day simple moving average is $65.61.

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.