Integrated Wealth Concepts LLC Buys Shares of 3,088 Trimble Inc. (NASDAQ:TRMB)

Integrated Wealth Concepts LLC acquired a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 4th quarter, Holdings Channel reports. The fund acquired 3,088 shares of the scientific and technical instruments company’s stock, valued at approximately $218,000.

A number of other hedge funds have also recently bought and sold shares of TRMB. Cullen Frost Bankers Inc. grew its position in shares of Trimble by 0.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after purchasing an additional 141 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of Trimble by 0.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company’s stock worth $2,017,000 after acquiring an additional 141 shares during the period. SRS Capital Advisors Inc. boosted its position in shares of Trimble by 12.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company’s stock worth $93,000 after acquiring an additional 149 shares during the last quarter. M&T Bank Corp grew its holdings in Trimble by 1.6% in the fourth quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company’s stock valued at $717,000 after purchasing an additional 156 shares during the period. Finally, Huntington National Bank increased its position in Trimble by 10.4% during the fourth quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company’s stock worth $125,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling

In other news, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction dated 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 owns 10,162 shares in the company, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

Trimble Trading Down 0.8 %

Shares of TRMB opened at $64.09 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The stock has a market cap of $15.29 billion, a PE ratio of 10.52, a P/E/G ratio of 3.09 and a beta of 1.67. The stock’s 50-day moving average is $64.18 and its two-hundred day moving average is $68.93.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRMB. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Oppenheimer boosted their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Finally, StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $86.00.

About Trimble

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.