Crowley Wealth Management Inc. Makes New $28,000 Investment in Trimble Inc. (NASDAQ:TRMB)

Crowley Wealth Management Inc. bought a new stake in Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 400 shares of the scientific and technical instruments company’s stock, valued at approximately $28,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Trimble by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company’s stock valued at $2,099,064,000 after acquiring an additional 183,150 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Trimble by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock valued at $364,984,000 after acquiring an additional 39,069 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Trimble by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock valued at $400,312,000 after acquiring an additional 222,679 shares in the last quarter. Boston Partners boosted its holdings in shares of Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock valued at $239,802,000 after acquiring an additional 2,312,937 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Trimble by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,080,628 shares of the scientific and technical instruments company’s stock valued at $147,017,000 after acquiring an additional 24,070 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of Trimble stock opened at $70.54 on Monday. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.57. The business has a 50-day simple moving average of $72.52 and a 200 day simple moving average of $68.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Analysts Set New Price Targets

Several research analysts have commented on TRMB shares. 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. Robert W. Baird lifted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer lifted their target price on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. 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, 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. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Trimble has a consensus rating of “Buy” and a consensus price target of $86.00.

Insider Activity at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock valued at $831,683 in the last three months. Corporate insiders own 0.47% of the company’s stock.

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.