Horizon Advisory Services Inc. Buys Shares of 4,989 Trimble Inc. (NASDAQ:TRMB)

Horizon Advisory Services Inc. bought a new stake in Trimble Inc. (NASDAQ:TRMB) during the 4th quarter, Holdings Channel.com reports. The fund bought 4,989 shares of the scientific and technical instruments company’s stock, valued at approximately $353,000. Trimble accounts for about 0.2% of Horizon Advisory Services Inc.’s holdings, making the stock its 17th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its stake in 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 purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Trimble in the third quarter valued at about $49,000. Friedenthal Financial purchased a new position in Trimble in the fourth quarter valued at about $49,000. Mather Group LLC. grew its stake in Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 343 shares during the last quarter. Finally, Sentry Investment Management LLC purchased a new position in Trimble in the third quarter valued at about $76,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 0.8 %

Trimble stock opened at $70.93 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The stock has a 50-day moving average price of $73.23 and a 200 day moving average price of $66.63.

Insider Buying and Selling

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the topic of several analyst reports. StockNews.com upgraded Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Robert W. Baird raised their price target on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday, December 16th. Sanford C. Bernstein raised their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Oppenheimer raised 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. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Trimble has an average rating of “Buy” and a consensus 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.