Toronto Dominion Bank Reduces Position in Trimble Inc. (NASDAQ:TRMB)

Toronto Dominion Bank reduced its position in Trimble Inc. (NASDAQ:TRMB) by 1.1% during the third quarter, HoldingsChannel.com reports. The firm owned 131,256 shares of the scientific and technical instruments company’s stock after selling 1,471 shares during the period. Toronto Dominion Bank’s holdings in Trimble were worth $8,150,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TRMB. Blue Trust Inc. lifted its position 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 worth $36,000 after purchasing an additional 313 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble during the 3rd quarter valued at about $49,000. Cromwell Holdings LLC boosted its position in 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. Ashton Thomas Private Wealth LLC bought a new position in Trimble in the 2nd quarter worth about $48,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Trimble during the second quarter worth approximately $52,000. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of research reports. Piper Sandler reiterated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Thursday. Sanford C. Bernstein raised their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer upped their price objective on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $84.00.

Trimble Trading Down 1.7 %

Shares of NASDAQ TRMB opened at $73.59 on Friday. The business has a fifty day moving average price of $67.78 and a 200 day moving average price of $60.12. Trimble Inc. has a 1-year low of $48.60 and a 1-year high of $76.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The stock has a market capitalization of $17.97 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53.

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.