Lmcg Investments LLC Makes New Investment in Trimble Inc. (NASDAQ:TRMB)

Lmcg Investments LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,458 shares of the scientific and technical instruments company’s stock, valued at approximately $3,283,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Private Client Wealth LLC grew its position in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble in the third quarter valued at $49,000. Friedenthal Financial purchased a new position in Trimble during the 4th quarter valued at $49,000. Cromwell Holdings LLC raised its holdings in 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, Sentry Investment Management LLC bought a new stake in shares of Trimble during the 3rd quarter valued at about $76,000. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $74.92 on Tuesday. Trimble Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $76.97. The business has a 50-day simple moving average of $72.30 and a two-hundred day simple moving average of $63.15. 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 has a market cap of $18.41 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 3.11 and a beta of 1.52.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Sanford C. Bernstein lifted their target price on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $84.86.

About Trimble

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.