11,126 Shares in Trimble Inc. (NASDAQ:TRMB) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,126 shares of the scientific and technical instruments company's stock, valued at approximately $691,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRMB. Wealth Enhancement Advisory Services LLC lifted its position in Trimble by 34.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,702 shares of the scientific and technical instruments company's stock worth $598,000 after buying an additional 2,760 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Trimble by 96.0% during the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company's stock worth $36,000 after purchasing an additional 313 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Trimble by 27.9% in the 2nd quarter. Raymond James & Associates now owns 164,488 shares of the scientific and technical instruments company's stock valued at $9,198,000 after purchasing an additional 35,841 shares during the period. Pallas Capital Advisors LLC acquired a new stake in Trimble in the 2nd quarter valued at about $369,000. Finally, Raymond James Trust N.A. grew its holdings in Trimble by 16.4% during the second quarter. Raymond James Trust N.A. now owns 4,301 shares of the scientific and technical instruments company's stock worth $241,000 after purchasing an additional 606 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Stock Performance

NASDAQ:TRMB traded up $0.65 during mid-day trading on Monday, reaching $74.24. 1,368,824 shares of the company's stock were exchanged, compared to its average volume of 1,344,672. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The firm has a market capitalization of $18.13 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. Trimble Inc. has a one year low of $48.60 and a one year high of $76.97. The business's fifty day simple moving average is $67.78 and its two-hundred day simple moving average is $60.15.

Analyst Ratings Changes

A number of research firms have recently issued reports on TRMB. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Oppenheimer lifted their price objective on shares of Trimble from $77.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a "hold" rating to a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein increased their price target on shares of Trimble from $82.00 to $85.00 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.com, the stock presently has a consensus rating of "Buy" and an average price target of $84.86.

Trimble 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.