National Bank of Canada FI grew its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 79.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,522 shares of the scientific and technical instruments company's stock after purchasing an additional 57,434 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of Trimble worth $8,042,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC lifted its holdings in Trimble by 9.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 37,683 shares of the scientific and technical instruments company's stock valued at $2,160,000 after purchasing an additional 3,363 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Trimble by 3.4% during the third quarter. Wellington Management Group LLP now owns 16,888 shares of the scientific and technical instruments company's stock valued at $1,049,000 after buying an additional 551 shares during the period. Worldquant Millennium Advisors LLC boosted its position in Trimble by 768.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company's stock worth $9,295,000 after acquiring an additional 132,467 shares during the last quarter. Wahed Invest LLC grew its stake in Trimble by 9.4% in the 3rd quarter. Wahed Invest LLC now owns 5,912 shares of the scientific and technical instruments company's stock worth $367,000 after acquiring an additional 506 shares during the period. Finally, Sora Investors LLC acquired a new position in Trimble in the 3rd quarter valued at $22,663,000. Hedge funds and other institutional investors own 93.21% of the company's stock.
Analyst Ratings Changes
Several research firms have recently issued reports on TRMB. StockNews.com upgraded Trimble from a "hold" rating to a "buy" rating in a report on Thursday. Piper Sandler restated an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday. JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Sanford C. Bernstein upped their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trimble currently has a consensus rating of "Buy" and an average target price of $84.00.
Check Out Our Latest Analysis on TRMB
Trimble Trading Up 1.2 %
Shares of Trimble stock traded up $0.91 during trading hours on Thursday, reaching $74.87. The stock had a trading volume of 1,842,451 shares, compared to its average volume of 1,345,588. The firm has a market capitalization of $18.28 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 3.20 and a beta of 1.53. Trimble Inc. has a 1 year low of $47.20 and a 1 year high of $76.97. 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 firm has a 50 day simple moving average of $67.29 and a two-hundred day simple moving average of $59.87.
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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