Trimble (NASDAQ:TRMB) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Trimble (NASDAQ:TRMB) from a hold rating to a buy rating in a report published on Monday morning.

TRMB has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Piper Sandler boosted their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Trimble currently has an average rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Stock Performance

NASDAQ TRMB opened at $72.43 on Monday. The company’s 50 day moving average is $64.52 and its 200-day moving average is $58.69. The firm has a market cap of $17.69 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49. Trimble has a 12-month low of $44.05 and a 12-month high of $74.22. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Trimble

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farrow Financial Inc. grew its stake in Trimble by 0.5% in the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock worth $2,425,000 after buying an additional 192 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Trimble by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after acquiring an additional 193 shares during the last quarter. SVB Wealth LLC lifted 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 acquiring an additional 204 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Trimble by 4.6% in the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock worth $276,000 after acquiring an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Trimble by 5.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after acquiring an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

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.