Claro Advisors LLC Reduces Position in Trimble Inc. (NASDAQ:TRMB)

Claro Advisors LLC lowered its holdings in Trimble Inc. (NASDAQ:TRMB) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,918 shares of the scientific and technical instruments company’s stock after selling 899 shares during the period. Claro Advisors LLC’s holdings in Trimble were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. TD Private Client Wealth LLC grew its holdings 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 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 third quarter worth about $49,000. Cromwell Holdings LLC grew its stake in Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Trimble in the second quarter valued at about $52,000. Finally, Sentry Investment Management LLC acquired a new stake in Trimble during the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Up 1.6 %

TRMB stock opened at $72.72 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $72.18 and its 200 day simple moving average is $62.63. The stock has a market cap of $17.76 billion, a PE ratio of 12.16, a price-to-earnings-growth 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.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TRMB shares. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. 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. Sanford C. Bernstein increased their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trimble presently has an average rating of “Buy” and a consensus 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.