Truvestments Capital LLC Acquires 693 Shares of Trimble Inc. (NASDAQ:TRMB)

Truvestments Capital LLC increased its holdings in Trimble Inc. (NASDAQ:TRMB) by 15.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,142 shares of the scientific and technical instruments company’s stock after buying an additional 693 shares during the quarter. Truvestments Capital LLC’s holdings in Trimble were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. GPS Wealth Strategies Group LLC grew its stake in shares of 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 worth $36,000 after acquiring an additional 479 shares during the period. Blue Trust Inc. boosted its holdings in Trimble by 96.0% in 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. Ashton Thomas Private Wealth LLC bought a new stake in Trimble in the 2nd quarter worth approximately $48,000. Catalyst Capital Advisors LLC purchased a new stake in Trimble during the 3rd quarter valued at $49,000. Finally, Cromwell Holdings LLC lifted its holdings in shares of Trimble by 86.6% during 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. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on TRMB shares. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Monday. Oppenheimer restated an “outperform” rating and set a $72.00 price target on shares of Trimble in a research note on Wednesday, August 7th. Piper Sandler increased their price objective on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Stock Up 0.9 %

TRMB opened at $72.95 on Tuesday. The stock has a market cap of $17.81 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 3.09 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 is $63.95 and its 200 day moving average is $58.49. Trimble Inc. has a fifty-two week low of $43.70 and a fifty-two week high of $74.22.

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.