Prospector Partners LLC Buys 3,880 Shares of Trimble Inc. (NASDAQ:TRMB)

Prospector Partners LLC grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 1.1% during the third quarter, HoldingsChannel.com reports. The firm owned 356,972 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,880 shares during the period. Trimble makes up approximately 2.3% of Prospector Partners LLC’s portfolio, making the stock its 10th biggest holding. Prospector Partners LLC’s holdings in Trimble were worth $22,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC grew its position in shares of Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 479 shares during 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 acquired a new position in Trimble during the 3rd quarter worth approximately $49,000. Cromwell Holdings LLC lifted its holdings 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 worth $50,000 after purchasing an additional 375 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Trimble during the second quarter valued at about $48,000. 93.21% of the stock is owned by institutional investors.

Trimble Stock Up 0.9 %

TRMB stock opened at $72.95 on Tuesday. The company’s 50 day moving average is $63.95 and its 200 day moving average is $58.49. 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 current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 1-year low of $43.70 and a 1-year high of $74.22.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Monday. Piper Sandler raised 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. Oppenheimer restated an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. Robert W. Baird raised their price objective 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 target price 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.40.

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.