Compagnie Lombard Odier SCmA Buys 58,193 Shares of Trimble Inc. (NASDAQ:TRMB)

Compagnie Lombard Odier SCmA lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 29.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 255,327 shares of the scientific and technical instruments company’s stock after purchasing an additional 58,193 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Trimble were worth $18,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in shares of Trimble during the 2nd quarter worth approximately $419,000. Creative Planning increased its holdings in shares of Trimble by 4.0% during the 3rd quarter. Creative Planning now owns 32,827 shares of the scientific and technical instruments company’s stock worth $2,038,000 after acquiring an additional 1,277 shares during the last quarter. One Wealth Advisors LLC increased its holdings in shares of Trimble by 11.0% during the 3rd quarter. One Wealth Advisors LLC now owns 5,464 shares of the scientific and technical instruments company’s stock worth $339,000 after acquiring an additional 542 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Trimble by 3.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 110,452 shares of the scientific and technical instruments company’s stock worth $6,858,000 after acquiring an additional 3,734 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Trimble by 12.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,263 shares of the scientific and technical instruments company’s stock worth $451,000 after acquiring an additional 811 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $73.66 on Friday. The stock has a fifty day moving average price of $73.34 and a 200-day moving average price of $65.40. The company has a market cap of $18.10 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 3.14 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of the company’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 in the company, valued at $235,985.75. This represents a 53.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Monday, December 16th. Oppenheimer upped their price objective on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Sanford C. Bernstein upped their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $84.86.

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.