Trimble (NASDAQ:TRMB) Upgraded by StockNews.com to "Buy" Rating

Trimble (NASDAQ:TRMB - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Sunday.

TRMB has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their target price on Trimble from $66.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Oppenheimer reiterated an "outperform" rating and issued a $72.00 target price on shares of Trimble in a report on Wednesday, August 7th. Piper Sandler raised their target price on shares of Trimble from $73.00 to $84.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Finally, Robert W. Baird lifted their price target on shares of Trimble from $66.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $75.40.

Trimble Price Performance

Shares of Trimble stock traded down $0.12 on Friday, hitting $70.62. The company had a trading volume of 1,155,009 shares, compared to its average volume of 1,148,225. The business has a 50-day simple moving average of $62.12 and a 200-day simple moving average of $57.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. 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. Trimble has a 52 week low of $42.56 and a 52 week high of $74.22.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in Trimble by 1,387.6% during the second quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company's stock valued at $215,176,000 after acquiring an additional 3,589,249 shares during the period. AQR Capital Management LLC boosted its stake in Trimble by 2,035.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company's stock valued at $63,635,000 after purchasing an additional 1,093,275 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company's stock valued at $127,692,000 after buying an additional 676,954 shares during the last quarter. Lazard Asset Management LLC increased its position in Trimble by 25.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company's stock worth $164,087,000 after buying an additional 516,789 shares during the period. Finally, Impax Asset Management Group plc lifted its holdings in shares of Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company's stock worth $169,978,000 after buying an additional 434,065 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

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.