Trimble Inc. (NASDAQ:TRMB) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its position in Trimble Inc. (NASDAQ:TRMB) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,814 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,451 shares during the period. Metis Global Partners LLC’s holdings in Trimble were worth $1,292,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TRMB. Farrow Financial Inc. lifted its position in Trimble by 0.5% during the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after buying an additional 192 shares in the last quarter. SVB Wealth LLC raised its stake in shares of Trimble by 4.8% in the 1st quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock valued at $286,000 after acquiring an additional 204 shares during the period. Profund Advisors LLC lifted its holdings in shares of Trimble by 4.6% during the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after acquiring an additional 219 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Trimble by 5.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after acquiring an additional 219 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Trimble by 4.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the topic of several research reports. Oppenheimer reissued an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Piper Sandler upped their price target on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird increased their price objective on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and an average price target of $75.40.

Trimble Trading Down 0.2 %

NASDAQ:TRMB opened at $70.62 on Friday. Trimble Inc. has a one year low of $42.56 and a one year high of $74.22. The business’s 50-day simple moving average is $62.12 and its 200 day simple moving average is $57.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 3.11 and a beta of 1.49.

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.