Trimble (NASDAQ:TRMB) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Trimble (NASDAQ:TRMB) from a hold rating to a buy rating in a research note published on Sunday.

Other equities analysts have also recently issued research reports about the company. Piper Sandler upped their target price on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird boosted their price target on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $72.00 target price on shares of Trimble in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Trimble presently has an average rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Stock Performance

NASDAQ TRMB opened at $69.67 on Friday. Trimble has a fifty-two week low of $42.85 and a fifty-two week high of $74.22. The stock has a market cap of $17.01 billion, a PE ratio of 11.65, a PEG ratio of 3.02 and a beta of 1.49. 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’s fifty day moving average price is $62.72 and its two-hundred day moving average price is $58.06.

Institutional Trading of Trimble

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its stake in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Trimble by 303.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 479 shares during the period. Blue Trust Inc. boosted its position in 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. Catalyst Capital Advisors LLC acquired a new stake in Trimble during the 3rd quarter worth about $49,000. Finally, Cromwell Holdings LLC raised its position in shares of Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

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.