Weil Company Inc. grew its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 52.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,315 shares of the scientific and technical instruments company's stock after buying an additional 9,739 shares during the quarter. Weil Company Inc.'s holdings in Trimble were worth $1,758,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Trimble by 25.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 296,093 shares of the scientific and technical instruments company's stock worth $19,057,000 after purchasing an additional 60,409 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Trimble by 11.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 247,807 shares of the scientific and technical instruments company's stock worth $15,960,000 after acquiring an additional 24,938 shares in the last quarter. Trustmark National Bank Trust Department bought a new stake in Trimble during the first quarter worth $579,000. Swedbank AB bought a new stake in Trimble during the first quarter worth $17,937,000. Finally, Janus Henderson Group PLC raised its position in Trimble by 26.6% during the first quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company's stock worth $3,845,000 after acquiring an additional 12,555 shares in the last quarter. Institutional investors own 93.21% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on TRMB. Oppenheimer reaffirmed an "outperform" rating and set a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Robert W. Baird upped their price objective on shares of Trimble from $66.00 to $82.00 and gave the company an "outperform" rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Trimble from $66.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday. Piper Sandler upped their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday. Finally, StockNews.com downgraded shares of Trimble from a "buy" rating to a "hold" rating in a report on Saturday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Trimble presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.40.
Check Out Our Latest Report on TRMB
Trimble Stock Performance
Shares of TRMB stock traded up $0.71 on Monday, hitting $73.36. The company's stock had a trading volume of 896,706 shares, compared to its average volume of 1,346,511. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.88 and a current ratio of 1.16. The stock's 50 day moving average is $60.46 and its 200-day moving average is $57.46. Trimble Inc. has a fifty-two week low of $40.79 and a fifty-two week high of $73.81. The company has a market capitalization of $17.92 billion, a PE ratio of 12.15, a PEG ratio of 3.23 and a beta of 1.49.
About Trimble
(
Free Report)
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.
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