180 Wealth Advisors LLC Buys 7,039 Shares of Trimble Inc. $TRMB

180 Wealth Advisors LLC boosted its position in Trimble Inc. (NASDAQ:TRMB) by 222.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,201 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,039 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Trimble were worth $833,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble during the 2nd quarter valued at $34,000. Geneos Wealth Management Inc. increased its stake in Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Trimble in the 1st quarter worth about $45,000. Osterweis Capital Management Inc. raised its stake in shares of Trimble by 5,790.0% in the second quarter. Osterweis Capital Management Inc. now owns 589 shares of the scientific and technical instruments company’s stock worth $45,000 after purchasing an additional 579 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Trimble during the 2nd quarter worth $48,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on TRMB shares. Piper Sandler restated an “overweight” rating and issued a $97.00 target price on shares of Trimble in a research note on Friday, November 7th. Berenberg Bank set a $95.00 price target on shares of Trimble and gave the company a “buy” rating in a research report on Friday, October 3rd. Barclays started coverage on shares of Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Trimble has an average rating of “Buy” and a consensus price target of $96.67.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 616 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $81.99, for a total value of $50,505.84. Following the transaction, the director owned 13,193 shares of the company’s stock, valued at $1,081,694.07. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kaigham Gabriel sold 1,718 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $81.00, for a total value of $139,158.00. Following the completion of the sale, the director owned 15,170 shares of the company’s stock, valued at $1,228,770. The trade was a 10.17% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 27,084 shares of company stock worth $2,144,726. Corporate insiders own 0.54% of the company’s stock.

Trimble Stock Performance

Shares of TRMB opened at $80.20 on Monday. Trimble Inc. has a 12-month low of $52.91 and a 12-month high of $87.50. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $19.08 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 3.13 and a beta of 1.60. The stock has a 50-day moving average price of $79.95 and a 200-day moving average price of $79.96.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a net margin of 9.93% and a return on equity of 10.73%. The company had revenue of $856.50 million for the quarter. As a group, equities analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Trimble announced that its board has authorized a share repurchase plan on Friday, December 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 5.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Trimble Company Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.