Trimble (NASDAQ:TRMB) Rating Increased to Outperform at Wolfe Research

Trimble (NASDAQ:TRMB - Get Free Report) was upgraded by equities research analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a research note issued to investors on Monday, Marketbeat reports. The firm presently has a $90.00 price target on the scientific and technical instruments company's stock. Wolfe Research's target price would indicate a potential upside of 21.23% from the company's current price.

A number of other research analysts also recently issued reports on the company. Robert W. Baird boosted their price target on Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Piper Sandler restated an "overweight" rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Sanford C. Bernstein boosted their price target on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Oppenheimer boosted their price target on Trimble from $77.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $84.86.

Trimble Trading Up 0.9 %

Shares of TRMB traded up $0.65 during trading hours on Monday, hitting $74.24. The company had a trading volume of 1,368,752 shares, compared to its average volume of 1,344,672. The firm has a market cap of $18.13 billion, a P/E ratio of 12.31, a P/E/G ratio of 3.15 and a beta of 1.53. The stock's 50 day moving average price is $67.78 and its 200 day moving average price is $60.15. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Trimble has a 52-week low of $48.60 and a 52-week high of $76.97.

Institutional Trading of Trimble

Several large investors have recently bought and sold shares of TRMB. Geode Capital Management LLC boosted its position in shares of Trimble by 0.7% in 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 purchasing an additional 39,069 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Trimble by 41.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company's stock worth $337,934,000 after purchasing an additional 1,594,732 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Trimble by 7.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company's stock worth $203,976,000 after purchasing an additional 239,673 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of Trimble by 18.7% in the 3rd 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 purchasing an additional 434,065 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of 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 worth $127,692,000 after purchasing an additional 676,954 shares in 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.