MassMutual Private Wealth & Trust FSB Has $1.19 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

MassMutual Private Wealth & Trust FSB raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 3,560.5% in the fourth quarter, Holdings Channel reports. The fund owned 16,765 shares of the scientific and technical instruments company’s stock after acquiring an additional 16,307 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Trimble were worth $1,185,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TRMB. American Century Companies Inc. grew its position in shares of Trimble by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 16,067 shares of the scientific and technical instruments company’s stock valued at $898,000 after purchasing an additional 3,507 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Trimble by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 228,235 shares of the scientific and technical instruments company’s stock worth $12,763,000 after acquiring an additional 13,845 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Trimble by 24.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock valued at $102,842,000 after acquiring an additional 361,421 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Trimble in the 2nd quarter worth $331,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Trimble by 22.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,611 shares of the scientific and technical instruments company’s stock worth $929,000 after purchasing an additional 3,026 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRMB has been the subject of several recent research reports. Sanford C. Bernstein upped their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Monday, December 16th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $84.86.

Trimble Stock Up 2.0 %

Trimble stock opened at $76.43 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The company’s 50-day moving average is $72.37 and its 200-day moving average is $63.30. The firm has a market capitalization of $18.79 billion, a PE ratio of 12.78, a P/E/G ratio of 3.11 and a beta of 1.52. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $76.97.

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.