Trimble Inc. (NASDAQ:TRMB) Shares Bought by Vestcor Inc

Vestcor Inc grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 43.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,157 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,569 shares during the period. Vestcor Inc’s holdings in Trimble were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of TRMB. Cetera Advisors LLC increased its position in shares of Trimble by 27.0% during the first quarter. Cetera Advisors LLC now owns 4,951 shares of the scientific and technical instruments company’s stock valued at $319,000 after acquiring an additional 1,052 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Trimble by 34.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,702 shares of the scientific and technical instruments company’s stock valued at $598,000 after purchasing an additional 2,760 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Trimble by 71.4% in the second quarter. Assenagon Asset Management S.A. now owns 224,881 shares of the scientific and technical instruments company’s stock valued at $12,575,000 after purchasing an additional 93,651 shares during the period. Blue Trust Inc. boosted 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 buying an additional 313 shares during the period. Finally, OFI Invest Asset Management grew its stake in shares of Trimble by 2.2% in the second quarter. OFI Invest Asset Management now owns 14,780 shares of the scientific and technical instruments company’s stock valued at $771,000 after buying an additional 315 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Trading Down 1.7 %

NASDAQ TRMB opened at $73.59 on Friday. Trimble Inc. has a 52 week low of $48.60 and a 52 week high of $76.97. The firm has a 50 day moving average of $67.78 and a two-hundred day moving average of $60.09. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $17.97 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 3.16 and a beta of 1.53.

Analyst Ratings Changes

A number of brokerages recently commented on TRMB. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird lifted their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday. Oppenheimer raised their price target on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and an average target price of $84.00.

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.