Pathstone Holdings LLC Sells 2,542 Shares of Trimble Inc. (NASDAQ:TRMB)

Pathstone Holdings LLC trimmed its stake in Trimble Inc. (NASDAQ:TRMB) by 4.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,639 shares of the scientific and technical instruments company’s stock after selling 2,542 shares during the period. Pathstone Holdings LLC’s holdings in Trimble were worth $3,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farrow Financial Inc. raised its position in shares of Trimble by 0.5% in the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after purchasing an additional 192 shares during the period. Empowered Funds LLC raised its holdings in Trimble by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after acquiring an additional 193 shares during the period. SVB Wealth LLC lifted its position in Trimble by 4.8% during 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 during the last quarter. Profund Advisors LLC boosted its holdings in 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 acquiring an additional 219 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Trimble by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 219 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research analyst reports. Oppenheimer reissued an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird raised 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. Finally, StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Stock Up 1.2 %

TRMB opened at $72.32 on Monday. Trimble Inc. has a fifty-two week low of $43.51 and a fifty-two week high of $74.22. The company has a market capitalization of $17.66 billion, a P/E ratio of 12.09, a P/E/G ratio of 3.05 and a beta of 1.49. 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 firm’s fifty day moving average price is $63.66 and its two-hundred day moving average price is $58.37.

About Trimble

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.