Friedenthal Financial Buys Shares of 700 Trimble Inc. (NASDAQ:TRMB)

Friedenthal Financial purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 700 shares of the scientific and technical instruments company’s stock, valued at approximately $49,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its holdings in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Trimble during the 3rd quarter valued at about $49,000. Cromwell Holdings LLC grew its position in shares of Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Trimble during the 2nd quarter worth approximately $48,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Trimble during the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

Shares of TRMB opened at $70.27 on Tuesday. The company’s 50-day moving average is $71.98 and its 200-day moving average is $62.52. 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 firm has a market capitalization of $17.16 billion, a PE ratio of 11.75, a PEG ratio of 3.15 and a beta of 1.52. Trimble Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $76.97.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRMB. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Monday, December 16th. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Oppenheimer upped their price target on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $84.86.

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.