EntryPoint Capital LLC Purchases 555 Shares of Trimble Inc. (NASDAQ:TRMB)

EntryPoint Capital LLC lifted its holdings in Trimble Inc. (NASDAQ:TRMB) by 16.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,837 shares of the scientific and technical instruments company’s stock after purchasing an additional 555 shares during the period. EntryPoint Capital LLC’s holdings in Trimble were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TRMB. Crowley Wealth Management Inc. bought a new stake in shares of Trimble in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble in the fourth quarter worth $36,000. TD Private Client Wealth LLC grew its position 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 purchasing an additional 520 shares during the period. Finally, Larson Financial Group LLC raised its position in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TRMB. Robert W. Baird lifted their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reissued an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Monday, December 16th. Finally, 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. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $86.00.

Trimble Stock Down 3.6 %

Shares of TRMB opened at $65.52 on Friday. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The company’s 50-day simple moving average is $72.15 and its 200-day simple moving average is $68.83. The stock has a market capitalization of $16.10 billion, a PE ratio of 10.76, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Insider Buying and Selling at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock valued at $831,683 in the last 90 days. 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.