Tidal Investments LLC lessened its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 51.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 21,913 shares of the scientific and technical instruments company's stock after selling 22,778 shares during the period. Tidal Investments LLC's holdings in Trimble were worth $1,361,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Trimble during the third quarter worth about $691,000. Sanctuary Advisors LLC grew its holdings in shares of Trimble by 85.0% in the third quarter. Sanctuary Advisors LLC now owns 12,888 shares of the scientific and technical instruments company's stock valued at $800,000 after purchasing an additional 5,922 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 520 shares during the period. Geode Capital Management LLC lifted its holdings in Trimble by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company's stock worth $364,984,000 after buying an additional 39,069 shares in the last quarter. Finally, Vestcor Inc boosted its position in Trimble by 43.7% in the 3rd quarter. Vestcor Inc now owns 5,157 shares of the scientific and technical instruments company's stock valued at $320,000 after buying an additional 1,569 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Piper Sandler restated an "overweight" rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Sanford C. Bernstein upped their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, Wolfe Research raised shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a report on Monday. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Trimble presently has an average rating of "Buy" and an average price target of $84.86.
View Our Latest Stock Report on Trimble
Trimble Stock Up 0.1 %
TRMB stock traded up $0.05 during trading on Thursday, hitting $70.74. 1,406,654 shares of the company's stock were exchanged, compared to its average volume of 1,345,719. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.15 and a beta of 1.53. Trimble Inc. has a 52-week low of $48.60 and a 52-week 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 business has a 50-day moving average price of $68.61 and a two-hundred day moving average price of $60.55.
Trimble Profile
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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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