Commerce Bank Has $694,000 Position in Trimble Inc. (NASDAQ:TRMB)

Commerce Bank trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,182 shares of the scientific and technical instruments company’s stock after selling 380 shares during the quarter. Commerce Bank’s holdings in Trimble were worth $694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC boosted its position in Trimble by 303.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 479 shares during the period. Blue Trust Inc. raised its stake in shares of Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 313 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Trimble in the second quarter worth $48,000. Catalyst Capital Advisors LLC acquired a new stake in Trimble in the third quarter valued at $49,000. Finally, Cromwell Holdings LLC raised its position in Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRMB. Robert W. Baird increased their price target on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Oppenheimer reissued an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. Piper Sandler boosted their price target on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.40.

Trimble Stock Performance

NASDAQ:TRMB opened at $72.95 on Tuesday. 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 Inc. has a twelve month low of $43.70 and a twelve month high of $74.22. The company has a fifty day moving average of $63.95 and a 200-day moving average of $58.49. The firm has a market capitalization of $17.81 billion, a P/E ratio of 12.20, a P/E/G ratio of 3.09 and a beta of 1.49.

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.