IQ EQ FUND MANAGEMENT IRELAND Ltd Invests $525,000 in Trimble Inc. (NASDAQ:TRMB)

IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,436 shares of the scientific and technical instruments company’s stock, valued at approximately $525,000.

Several other institutional investors also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new stake in shares of Trimble in the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble during the fourth quarter worth $36,000. TD Private Client Wealth LLC raised its position in shares of Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 422 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ TRMB opened at $65.52 on Friday. The stock has a fifty day simple moving average of $72.15 and a 200-day simple moving average of $68.83. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market cap of $16.10 billion, a PE ratio of 10.76, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of recent research reports. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research report on Thursday, February 20th. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer lifted their price target on Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight 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, the company presently has a consensus rating of “Buy” and an average target price of $86.00.

Insider Buying and Selling at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, 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 have sold 11,421 shares of company stock valued at $831,683 over the last 90 days. 0.47% of the stock is owned by insiders.

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.