Vontobel Holding Ltd. Has $48.84 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Vontobel Holding Ltd. trimmed its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 786,628 shares of the scientific and technical instruments company's stock after selling 10,981 shares during the period. Vontobel Holding Ltd. owned 0.32% of Trimble worth $48,842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Trimble by 25.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 296,093 shares of the scientific and technical instruments company's stock worth $19,057,000 after buying an additional 60,409 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Trimble by 484.3% in the first quarter. Illinois Municipal Retirement Fund now owns 90,705 shares of the scientific and technical instruments company's stock valued at $5,838,000 after purchasing an additional 75,182 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Trimble by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,315,941 shares of the scientific and technical instruments company's stock worth $342,134,000 after purchasing an additional 126,472 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Trimble by 11.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 247,807 shares of the scientific and technical instruments company's stock worth $15,960,000 after purchasing an additional 24,938 shares during the last quarter. Finally, Trustmark National Bank Trust Department bought a new stake in Trimble during the 1st quarter valued at approximately $579,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRMB has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Trimble from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Thursday, September 19th. Oppenheimer restated an "outperform" rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Robert W. Baird upped their price objective on shares of Trimble from $65.00 to $66.00 and gave the company an "outperform" rating in a research report on Thursday, August 8th. Piper Sandler reissued an "overweight" rating and set a $73.00 target price on shares of Trimble in a research report on Monday, August 19th. Finally, StockNews.com raised Trimble from a "hold" rating to a "buy" rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $66.67.

Trimble Price Performance

TRMB traded down $0.65 during midday trading on Wednesday, reaching $61.07. 930,769 shares of the company's stock were exchanged, compared to its average volume of 1,367,334. Trimble Inc. has a one year low of $39.57 and a one year high of $65.55. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 64.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.49. The business has a 50-day simple moving average of $57.47 and a two-hundred day simple moving average of $57.16. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.25.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. Trimble had a return on equity of 10.94% and a net margin of 40.70%. 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 firm earned $0.51 EPS. Trimble's quarterly revenue was down 12.4% on a year-over-year basis. As a group, research analysts predict that Trimble Inc. will post 2.23 EPS for the current year.

Trimble Company Profile

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.