Barclays PLC boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 743,319 shares of the scientific and technical instruments company's stock after acquiring an additional 30,457 shares during the quarter. Barclays PLC owned 0.30% of Trimble worth $46,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Farrow Financial Inc. boosted its stake in shares of 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 purchasing an additional 192 shares during the period. Empowered Funds LLC boosted its position in Trimble by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company's stock valued at $360,000 after buying an additional 193 shares during the period. Profund Advisors LLC grew its holdings in Trimble by 4.6% in the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company's stock worth $276,000 after acquiring an additional 219 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Trimble by 5.8% in the third 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 during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Trimble by 4.4% during the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company's stock valued at $352,000 after acquiring an additional 237 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TRMB shares. Piper Sandler restated an "overweight" rating and set a $84.00 price target on shares of Trimble in a report on Wednesday. Oppenheimer boosted their target price on Trimble from $77.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday. Robert W. Baird raised their price target on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday. JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein upped their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a report on Wednesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $84.00.
Check Out Our Latest Stock Report on Trimble
Trimble Stock Down 1.7 %
TRMB traded down $1.28 during trading on Friday, reaching $73.59. The stock had a trading volume of 1,086,875 shares, compared to its average volume of 1,344,573. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 3.16 and a beta of 1.53. The stock's 50 day moving average is $67.55 and its two-hundred day moving average is $59.98. Trimble Inc. has a one year low of $48.60 and a one year high of $76.97.
Trimble Profile
(
Free Report)
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.
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