OneDigital Investment Advisors LLC Invests $221,000 in Trimble Inc. (NASDAQ:TRMB)

OneDigital Investment Advisors LLC bought a new position in Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,134 shares of the scientific and technical instruments company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also modified their holdings of TRMB. Barclays PLC boosted its position in shares of Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock worth $46,151,000 after buying an additional 30,457 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trimble in the third quarter worth $691,000. Peapack Gladstone Financial Corp boosted its position in shares of Trimble by 6.8% in the third quarter. Peapack Gladstone Financial Corp now owns 4,270 shares of the scientific and technical instruments company’s stock worth $265,000 after buying an additional 270 shares during the period. Principal Financial Group Inc. boosted its position in shares of Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock worth $24,296,000 after buying an additional 60,752 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock worth $46,594,000 after acquiring an additional 136,452 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insiders Place Their Bets

In other news, Director James Calvin Dalton sold 2,141 shares of the 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 sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $61.45 on Tuesday. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The business has a 50-day moving average of $65.04 and a two-hundred day moving average of $68.89. The stock has a market capitalization of $15.10 billion, a P/E ratio of 10.09, 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 current ratio of 1.27 and a quick ratio of 1.07.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Oppenheimer increased their price objective on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trimble presently has an average rating of “Buy” and an average price target of $86.00.

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.