Quest Partners LLC lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 50.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,255 shares of the scientific and technical instruments company's stock after selling 16,563 shares during the quarter. Quest Partners LLC's holdings in Trimble were worth $1,009,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Trimble by 41.4% during the third 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 buying an additional 1,594,732 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Trimble by 7.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company's stock valued at $203,976,000 after acquiring an additional 239,673 shares during the period. Impax Asset Management Group plc increased its stake in shares of Trimble by 18.7% in the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company's stock worth $169,978,000 after purchasing an additional 434,065 shares in the last quarter. Lazard Asset Management LLC lifted its position in Trimble by 25.4% during the first quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company's stock valued at $164,087,000 after purchasing an additional 516,789 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Trimble by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company's stock valued at $102,842,000 after purchasing an additional 361,421 shares during the period. 93.21% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. lifted their price objective on Trimble from $66.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Robert W. Baird upped 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. Piper Sandler raised 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. StockNews.com raised Trimble from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $72.00 price objective on shares of Trimble in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.40.
View Our Latest Stock Analysis on Trimble
Trimble Price Performance
Trimble stock opened at $70.48 on Thursday. The firm's fifty day moving average is $63.03 and its 200 day moving average is $58.15. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 2.98 and a beta of 1.49. Trimble Inc. has a 52-week low of $42.85 and a 52-week high of $74.22.
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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