Clean Yield Group Has $983,000 Position in Trimble Inc. (NASDAQ:TRMB)

Clean Yield Group decreased its stake in Trimble Inc. (NASDAQ:TRMB) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,915 shares of the scientific and technical instruments company’s stock after selling 337 shares during the period. Clean Yield Group’s holdings in Trimble were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Czech National Bank lifted its position in shares of Trimble by 6.4% in the 4th quarter. Czech National Bank now owns 52,950 shares of the scientific and technical instruments company’s stock worth $3,741,000 after purchasing an additional 3,203 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Trimble by 1.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,038 shares of the scientific and technical instruments company’s stock worth $2,193,000 after acquiring an additional 486 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Trimble by 32.8% during the 4th quarter. Fulton Bank N.A. now owns 11,256 shares of the scientific and technical instruments company’s stock valued at $795,000 after purchasing an additional 2,781 shares in the last quarter. GAMMA Investing LLC grew its stake in Trimble by 45.5% during the fourth quarter. GAMMA Investing LLC now owns 4,216 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 1,318 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Trimble by 63.3% in the fourth quarter. Versant Capital Management Inc now owns 1,886 shares of the scientific and technical instruments company’s stock valued at $133,000 after buying an additional 731 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on TRMB. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer raised their price objective on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wolfe Research upgraded 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. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Performance

Shares of NASDAQ:TRMB traded down $0.14 during midday trading on Monday, reaching $70.09. The company had a trading volume of 551,118 shares, compared to its average volume of 1,314,509. Trimble Inc. has a 52-week low of $48.60 and a 52-week high of $76.97. The company’s 50 day moving average price is $71.80 and its 200 day moving average price is $62.42. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market cap of $17.12 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.15 and a beta of 1.52.

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.