Empowered Funds LLC Acquires 193 Shares of Trimble Inc. (NASDAQ:TRMB)

Empowered Funds LLC lifted its holdings in Trimble Inc. (NASDAQ:TRMB) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,802 shares of the scientific and technical instruments company’s stock after purchasing an additional 193 shares during the period. Empowered Funds LLC’s holdings in Trimble were worth $360,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Empirical Finance LLC boosted its position in Trimble by 3.9% during the third quarter. Empirical Finance LLC now owns 6,777 shares of the scientific and technical instruments company’s stock worth $421,000 after purchasing an additional 257 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Trimble by 8.2% during the 3rd quarter. CIBC Asset Management Inc now owns 35,711 shares of the scientific and technical instruments company’s stock worth $2,217,000 after buying an additional 2,705 shares during the period. ING Groep NV grew its stake in Trimble by 272.8% in the 3rd quarter. ING Groep NV now owns 32,661 shares of the scientific and technical instruments company’s stock valued at $2,028,000 after buying an additional 23,900 shares during the last quarter. Metis Global Partners LLC grew its stake in Trimble by 7.5% in the 3rd quarter. Metis Global Partners LLC now owns 20,814 shares of the scientific and technical instruments company’s stock valued at $1,292,000 after buying an additional 1,451 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Trimble by 48.7% in the 3rd quarter. Huntington National Bank now owns 1,601 shares of the scientific and technical instruments company’s stock worth $99,000 after acquiring an additional 524 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

Shares of TRMB stock opened at $72.95 on Tuesday. The company 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. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $43.70 and a 12 month high of $74.22. The stock has a 50 day moving average of $63.95 and a two-hundred day moving average of $58.49.

Analyst Upgrades and Downgrades

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

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.