United Capital Financial Advisers LLC Buys 11,753 Shares of Trimble Inc. (NASDAQ:TRMB)

United Capital Financial Advisers LLC raised its stake in Trimble Inc. (NASDAQ:TRMBGet Rating) by 16.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,692 shares of the scientific and technical instruments company’s stock after acquiring an additional 11,753 shares during the period. United Capital Financial Advisers LLC’s holdings in Trimble were worth $4,757,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Trust Co. of Vermont bought a new stake in shares of Trimble during the second quarter worth $29,000. Column Capital Advisors LLC grew its holdings in shares of Trimble by 74.7% during the second quarter. Column Capital Advisors LLC now owns 676 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 289 shares during the last quarter. Tobam bought a new stake in shares of Trimble during the second quarter worth $64,000. First Horizon Advisors Inc. grew its holdings in shares of Trimble by 1,252.9% during the second quarter. First Horizon Advisors Inc. now owns 1,177 shares of the scientific and technical instruments company’s stock worth $68,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in shares of Trimble during the second quarter worth $70,000. 90.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird decreased their target price on Trimble from $70.00 to $65.00 in a report on Thursday, November 3rd. Wolfe Research assumed coverage on Trimble in a report on Tuesday, August 16th. They issued a “market perform” rating on the stock. Morgan Stanley decreased their price target on Trimble from $67.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, November 3rd. TheStreet cut Trimble from a “b-” rating to a “c+” rating in a report on Tuesday, October 11th. Finally, Oppenheimer decreased their price target on Trimble from $86.00 to $72.00 in a report on Thursday, November 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Trimble presently has an average rating of “Hold” and a consensus price target of $68.83.

Trimble Trading Up 1.6 %

NASDAQ:TRMB opened at $58.71 on Thursday. Trimble Inc. has a 1-year low of $49.99 and a 1-year high of $89.30. The business’s 50-day moving average price is $56.62 and its two-hundred day moving average price is $61.48. The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 2.03 and a beta of 1.57.

Trimble Profile

(Get Rating)

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 route selection and design; 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.

Further Reading

Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMBGet Rating).

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.