ING Groep NV Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

ING Groep NV raised its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 272.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 32,661 shares of the scientific and technical instruments company's stock after purchasing an additional 23,900 shares during the period. ING Groep NV's holdings in Trimble were worth $2,028,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TRMB. Farrow Financial Inc. boosted its stake in Trimble by 0.5% during 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 in the last quarter. SVB Wealth LLC grew its stake in shares of Trimble by 4.8% in the 1st quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company's stock worth $286,000 after acquiring an additional 204 shares in the last quarter. Profund Advisors LLC lifted its position in shares of 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. Sequoia Financial Advisors LLC boosted its holdings 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 worth $247,000 after purchasing an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Trimble by 4.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company's stock valued at $352,000 after buying an additional 237 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TRMB shares. StockNews.com upgraded shares of Trimble from a "hold" rating to a "buy" rating in a report on Sunday. JPMorgan Chase & Co. lifted their price objective on Trimble from $66.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Oppenheimer restated an "outperform" rating and set a $72.00 price target on shares of Trimble in a research note on Wednesday, August 7th. Piper Sandler raised their target price on Trimble from $73.00 to $84.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird boosted their price objective on shares of Trimble from $66.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $75.40.

Trimble Price Performance

Shares of TRMB traded down $0.12 during trading hours on Friday, reaching $70.62. 1,155,009 shares of the company's stock traded hands, compared to its average volume of 1,148,225. Trimble Inc. has a 12 month low of $42.56 and a 12 month high of $74.22. 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 stock has a market cap of $17.25 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 3.02 and a beta of 1.49. The firm's 50 day simple moving average is $62.12 and its 200-day simple moving average is $57.90.

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.