Trimble (NASDAQ:TRMB) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Trimble (NASDAQ:TRMB) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

Several other equities analysts also recently commented on the company. Piper Sandler increased their target price on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird lifted 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. Oppenheimer restated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.40.

Trimble Stock Down 0.2 %

Shares of NASDAQ:TRMB opened at $70.62 on Friday. Trimble has a 52-week low of $42.56 and a 52-week high of $74.22. The company has a market capitalization of $17.25 billion, a PE ratio of 11.81, a price-to-earnings-growth 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 company has a fifty day moving average of $62.12 and a 200-day moving average of $57.89.

Institutional Investors Weigh In On Trimble

Several large investors have recently added to or reduced their stakes in TRMB. GPS Wealth Strategies Group LLC boosted its holdings in shares of 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 in the last quarter. Blue Trust Inc. raised its holdings 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 purchasing an additional 313 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Trimble during the 3rd quarter worth about $49,000. Cromwell Holdings LLC grew its stake 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 valued at $50,000 after buying an additional 375 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Trimble in the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Company 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.