Simon Quick Advisors LLC Has $963,000 Holdings in Trimble Inc. (NASDAQ:TRMB)

Simon Quick Advisors LLC boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 34.1% in the fourth quarter, Holdings Channel reports. The fund owned 13,634 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,465 shares during the period. Simon Quick Advisors LLC’s holdings in Trimble were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC raised its stake in 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 bought a new position in shares of Trimble during the 3rd quarter worth about $49,000. Friedenthal Financial acquired a new position in shares of Trimble during the fourth quarter valued at about $49,000. Cromwell Holdings LLC lifted its stake in shares of Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 375 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in Trimble during the third quarter worth about $76,000. 93.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trimble

In related 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 transaction of $266,932.25. Following the completion of the sale, the vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRMB shares. Robert W. Baird raised 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. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Oppenheimer boosted their price target on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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 report on Monday, December 16th. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Up 1.3 %

TRMB opened at $77.40 on Thursday. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 3.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The firm’s 50-day simple moving average is $72.46 and its 200-day simple moving average is $63.39. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.73.

Trimble Company 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.