Benjamin Edwards Inc. Buys 17,424 Shares of Trimble Inc. (NASDAQ:TRMB)

Benjamin Edwards Inc. raised its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 76.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,193 shares of the scientific and technical instruments company's stock after buying an additional 17,424 shares during the quarter. Benjamin Edwards Inc.'s holdings in Trimble were worth $2,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GPS Wealth Strategies Group LLC boosted its stake in Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company's stock worth $36,000 after purchasing an additional 479 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company's stock worth $36,000 after acquiring an additional 313 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Trimble during the second quarter valued at approximately $48,000. Catalyst Capital Advisors LLC bought a new position in Trimble during the third quarter valued at approximately $49,000. Finally, Cromwell Holdings LLC grew its position in Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company's stock worth $50,000 after purchasing an additional 375 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRMB. Piper Sandler lifted their price objective on Trimble from $73.00 to $84.00 and gave the stock an "overweight" rating in a 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 company an "outperform" rating in a research report on Friday, November 8th. Oppenheimer reissued an "outperform" rating and issued a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. StockNews.com cut shares of Trimble from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Trimble presently has a consensus rating of "Moderate Buy" and an average price target of $79.00.

Trimble Stock Performance

NASDAQ TRMB traded up $0.12 on Thursday, reaching $75.40. 1,816,971 shares of the stock were exchanged, compared to its average volume of 1,345,291. The firm has a market capitalization of $18.41 billion, a PE ratio of 12.59, a PEG ratio of 3.16 and a beta of 1.53. Trimble Inc. has a one year low of $46.06 and a one year high of $76.97. The company's 50-day simple moving average is $65.98 and its two-hundred day simple moving average is $59.26. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

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.