Lbp Am Sa Buys 37,811 Shares of Trimble Inc. (NASDAQ:TRMB)

Lbp Am Sa raised its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 101.9% in the 4th quarter, Holdings Channel reports. The firm owned 74,931 shares of the scientific and technical instruments company’s stock after purchasing an additional 37,811 shares during the quarter. Lbp Am Sa’s holdings in Trimble were worth $5,295,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TRMB. TimesSquare Capital Management LLC bought a new position in Trimble during the 4th quarter worth $50,041,000. Charles Schwab Investment Management Inc. raised its position in Trimble by 49.1% during the 3rd 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 last quarter. Impax Asset Management Group plc raised its position in Trimble by 18.7% during the 3rd 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. Sora Investors LLC bought a new position in shares of Trimble in the 3rd quarter worth about $22,663,000. Finally, Principal Financial Group Inc. raised its position in shares of Trimble by 73.1% in the 4th quarter. Principal Financial Group Inc. now owns 677,217 shares of the scientific and technical instruments company’s stock worth $47,852,000 after acquiring an additional 285,907 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRMB has been the subject of several research analyst reports. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. Oppenheimer lifted their price objective on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. 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 research report on Wednesday, December 4th. Finally, StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trimble currently has an average rating of “Buy” and an average target price of $86.00.

Trimble Stock Performance

Shares of TRMB opened at $69.39 on Friday. 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 moving average of $72.64 and a 200-day moving average of $67.77. The company has a market cap of $17.06 billion, a PE ratio of 11.39, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

Insider Activity

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction 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. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 in the last three months. Company insiders own 0.47% of the company’s stock.

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.