Trimble (NASDAQ:TRMB) Upgraded at StockNews.com

Trimble (NASDAQ:TRMB) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

TRMB has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their target price on shares of Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Piper Sandler lifted their target price on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Stock Up 0.9 %

TRMB traded up $0.63 on Monday, reaching $72.95. 1,597,812 shares of the company traded hands, compared to its average volume of 1,346,568. The stock’s 50 day moving average price is $63.95 and its 200-day moving average price is $58.49. Trimble has a 52-week low of $43.70 and a 52-week high of $74.22. The company has a market cap of $17.81 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 3.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Institutional Trading of Trimble

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trimble in the third quarter worth $691,000. Sanctuary Advisors LLC lifted its stake in shares of Trimble by 85.0% in the third quarter. Sanctuary Advisors LLC now owns 12,888 shares of the scientific and technical instruments company’s stock worth $800,000 after buying an additional 5,922 shares during the last quarter. TD Private Client Wealth LLC increased its position in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares during the period. Geode Capital Management LLC increased its position in Trimble by 0.7% during the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after acquiring an additional 39,069 shares during the period. Finally, Vestcor Inc increased its position in Trimble by 43.7% during the third quarter. Vestcor Inc now owns 5,157 shares of the scientific and technical instruments company’s stock worth $320,000 after acquiring an additional 1,569 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

About Trimble

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.