Sax Wealth Advisors LLC Purchases 1,059 Shares of Trimble Inc. (NASDAQ:TRMB)

Sax Wealth Advisors LLC grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 24.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,322 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,059 shares during the period. Sax Wealth Advisors LLC’s holdings in Trimble were worth $376,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Trimble by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock valued at $364,984,000 after buying an additional 39,069 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Trimble by 41.4% during the third 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 acquiring an additional 1,594,732 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings 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 acquiring an additional 239,673 shares during the last quarter. Impax Asset Management Group plc boosted its stake 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 valued at $169,978,000 after purchasing an additional 434,065 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Trimble by 49.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after purchasing an additional 676,954 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRMB has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Robert W. Baird increased their target price on Trimble from $82.00 to $90.00 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 raised their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Sanford C. Bernstein boosted their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $84.86.

Trimble Trading Up 1.4 %

NASDAQ TRMB opened at $74.92 on Friday. The stock has a market cap of $18.30 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 2.92 and a beta of 1.52. Trimble Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $76.97. The stock has a 50 day simple moving average of $72.27 and a two-hundred day simple moving average of $62.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

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.