Thrivent Financial for Lutherans Decreases Stake in Trimble Inc. (NASDAQ:TRMB)

Thrivent Financial for Lutherans decreased its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,563,613 shares of the scientific and technical instruments company's stock after selling 84,028 shares during the period. Thrivent Financial for Lutherans owned about 1.46% of Trimble worth $221,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farrow Financial Inc. grew its holdings in shares of Trimble by 0.5% in the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company's stock worth $2,425,000 after acquiring an additional 192 shares during the period. Empowered Funds LLC lifted its position in Trimble by 3.4% during the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company's stock valued at $360,000 after purchasing an additional 193 shares in the last quarter. SVB Wealth LLC lifted its position 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 valued at $286,000 after purchasing an additional 204 shares in the last quarter. Profund Advisors LLC lifted its position in Trimble by 4.6% during the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company's stock valued at $276,000 after purchasing an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Trimble by 5.8% during the third 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. Institutional investors own 93.21% of the company's stock.

Trimble Price Performance

Shares of Trimble stock traded down $0.12 during trading hours on Friday, hitting $70.62. The company's stock had a trading volume of 1,155,009 shares, compared to its average volume of 1,148,225. The business has a 50 day moving average price of $62.12 and a two-hundred day moving average price of $57.89. Trimble Inc. has a 12-month low of $42.56 and a 12-month high of $74.22. The company has a market cap of $17.25 billion, a PE ratio of 11.81, a PEG ratio of 3.02 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

Analysts Set New Price Targets

TRMB has been the topic of several analyst reports. Oppenheimer reiterated an "outperform" rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. Robert W. Baird lifted their target price on Trimble from $66.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. StockNews.com upgraded Trimble from a "hold" rating to a "buy" rating in a research report on Sunday. JPMorgan Chase & Co. boosted 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. Finally, Piper Sandler boosted their price objective on Trimble from $73.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Trimble presently has an average 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.