Claro Advisors LLC Takes $237,000 Position in Trimble Inc. (NASDAQ:TRMB)

Claro Advisors LLC bought a new position in Trimble Inc. (NASDAQ:TRMB) during the third quarter, according to its most recent filing with the SEC. The firm bought 3,817 shares of the scientific and technical instruments company’s stock, valued at approximately $237,000.

Several other hedge funds have also bought and sold shares of TRMB. Farrow Financial Inc. raised its position in Trimble by 0.5% in the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock worth $2,425,000 after acquiring an additional 192 shares during the period. Empowered Funds LLC increased its stake in shares of Trimble by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after purchasing an additional 193 shares during the last quarter. SVB Wealth LLC raised its holdings in shares of Trimble by 4.8% in the 1st quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock worth $286,000 after purchasing an additional 204 shares during the period. Profund Advisors LLC lifted its stake in Trimble by 4.6% in the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after purchasing an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

TRMB has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird increased 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. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. Finally, Piper Sandler increased their target price on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.40.

Trimble Trading Down 0.3 %

Shares of TRMB stock opened at $69.67 on Wednesday. Trimble Inc. has a 52-week low of $42.85 and a 52-week high of $74.22. The business’s fifty day moving average is $62.72 and its 200 day moving average is $58.06. 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 market capitalization of $17.01 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 3.02 and a beta of 1.49.

Trimble 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.