Trimble Inc. (NASDAQ:TRMB) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 20.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,151 shares of the scientific and technical instruments company's stock after purchasing an additional 31,286 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Trimble worth $11,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TRMB. GPS Wealth Strategies Group LLC increased its position in shares of Trimble by 303.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company's stock valued at $36,000 after buying an additional 479 shares in the last quarter. Blue Trust Inc. grew its stake in Trimble by 96.0% in the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company's stock valued at $36,000 after acquiring an additional 313 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Trimble in the 2nd quarter worth $48,000. Catalyst Capital Advisors LLC acquired a new position in Trimble during the third quarter worth $49,000. Finally, Cromwell Holdings LLC lifted its holdings in Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company's stock valued at $50,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Trading Up 0.7 %

TRMB stock traded up $0.53 during trading on Tuesday, reaching $73.61. 374,507 shares of the stock were exchanged, compared to its average volume of 1,334,830. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 3.12 and a beta of 1.53. 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 $65.35 and a 200-day moving average price of $59.03. Trimble Inc. has a 1 year low of $45.61 and a 1 year high of $74.22.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRMB. StockNews.com downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research report on Tuesday. Robert W. Baird raised their price objective on Trimble from $66.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Oppenheimer reaffirmed an "outperform" rating and set a $72.00 target price on shares of Trimble in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their target price on shares of 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 target on shares of Trimble from $73.00 to $84.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $75.40.

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.