16,835 Shares in Trimble Inc. (NASDAQ:TRMB) Bought by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,835 shares of the scientific and technical instruments company's stock, valued at approximately $1,045,000.

Several other hedge funds have also recently bought and sold shares of TRMB. Farrow Financial Inc. lifted its position in shares of Trimble by 0.5% during the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company's stock worth $2,425,000 after buying an additional 192 shares during the last quarter. SVB Wealth LLC raised its stake in Trimble by 4.8% during the first quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company's stock worth $286,000 after acquiring an additional 204 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of Trimble by 4.6% in the second 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 boosted its stake in shares of Trimble by 5.8% in 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 purchasing an additional 219 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of 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 valued at $352,000 after purchasing an additional 237 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Trading Up 0.7 %

Trimble stock traded up $0.51 during mid-day trading on Friday, hitting $72.65. 1,395,670 shares of the stock were exchanged, compared to its average volume of 1,348,584. The firm's fifty day simple moving average is $60.46 and its two-hundred day simple moving average is $57.49. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $40.79 and a 12 month high of $73.17. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 3.23 and a beta of 1.49.

Trimble (NASDAQ:TRMB - Get Free Report) last released its earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. Trimble had a net margin of 40.67% and a return on equity of 10.18%. The business had revenue of $870.80 million for the quarter, compared to analyst estimates of $862.50 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. Trimble's revenue for the quarter was down 12.4% on a year-over-year basis. Analysts forecast that Trimble Inc. will post 2.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TRMB. JPMorgan Chase & Co. increased their price objective on shares of Trimble from $66.00 to $74.00 and gave the company a "neutral" rating in a research note on Thursday. Piper Sandler increased their price target on Trimble from $73.00 to $84.00 and gave the company an "overweight" rating in a research note on Thursday. Robert W. Baird boosted their price objective on Trimble from $66.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday. StockNews.com upgraded Trimble from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $72.00 price target on shares of Trimble in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Trimble presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.40.

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.