Bridgewater Associates LP lessened its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 78.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,610 shares of the scientific and technical instruments company's stock after selling 28,043 shares during the quarter. Bridgewater Associates LP's holdings in Trimble were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its holdings in Trimble by 18.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,724 shares of the scientific and technical instruments company's stock worth $304,000 after acquiring an additional 725 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Trimble by 27.0% during the first quarter. Cetera Advisors LLC now owns 4,951 shares of the scientific and technical instruments company's stock valued at $319,000 after purchasing an additional 1,052 shares during the last quarter. GAMMA Investing LLC lifted its position in Trimble by 19.1% during the second quarter. GAMMA Investing LLC now owns 2,212 shares of the scientific and technical instruments company's stock valued at $124,000 after purchasing an additional 354 shares during the period. CWM LLC grew its position in Trimble by 248.4% in the 2nd quarter. CWM LLC now owns 12,189 shares of the scientific and technical instruments company's stock worth $682,000 after purchasing an additional 8,690 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new stake in Trimble during the 2nd quarter valued at $426,000. 93.21% of the stock is owned by hedge funds and other institutional investors.
Trimble Price Performance
Shares of TRMB stock traded up $0.87 during trading hours on Tuesday, hitting $73.95. The stock had a trading volume of 1,519,769 shares, compared to its average volume of 1,337,328. The stock's 50-day moving average price is $65.35 and its two-hundred day moving average price is $59.03. Trimble Inc. has a one year low of $45.61 and a one year high of $74.56. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 3.13 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on TRMB shares. StockNews.com downgraded Trimble from a "buy" rating to a "hold" rating in a research note on Tuesday. Oppenheimer reaffirmed an "outperform" rating and set a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $66.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Robert W. Baird increased their price target on shares of Trimble from $66.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Piper Sandler boosted their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.40.
View Our Latest Analysis on TRMB
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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