JPMorgan Chase & Co. boosted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 750,423 shares of the scientific and technical instruments company's stock after buying an additional 136,452 shares during the quarter. JPMorgan Chase & Co. owned 0.31% of Trimble worth $46,594,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in shares of Trimble by 41.4% during the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company's stock valued at $337,934,000 after purchasing an additional 1,594,732 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Trimble by 2,035.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company's stock worth $63,635,000 after acquiring an additional 1,093,275 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company's stock valued at $127,692,000 after buying an additional 676,954 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company's stock valued at $169,978,000 after purchasing an additional 434,065 shares in the last quarter. Finally, Sora Investors LLC acquired a new position in Trimble during the third quarter worth $22,663,000. 93.21% of the stock is owned by hedge funds and other institutional investors.
Trimble Trading Up 0.8 %
NASDAQ TRMB traded up $0.53 during trading on Monday, hitting $71.10. 1,412,034 shares of the company's stock traded hands, compared to its average volume of 1,230,511. The firm has a market cap of $17.36 billion, a P/E ratio of 11.89, a PEG ratio of 3.15 and a beta of 1.52. Trimble Inc. has a 12-month low of $48.60 and a 12-month high of $76.97. The stock has a fifty day moving average of $70.76 and a two-hundred day moving average of $61.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.
Wall Street Analysts Forecast Growth
TRMB has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. Oppenheimer upped their target price on shares of Trimble from $77.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird increased their price objective on shares of Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $84.86.
Read Our Latest Stock Report on Trimble
About Trimble
(
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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