Trimble Inc. (NASDAQ:TRMB) Shares Sold by MQS Management LLC

MQS Management LLC lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 11.7% in the 3rd quarter, Holdings Channel reports. The firm owned 6,035 shares of the scientific and technical instruments company’s stock after selling 801 shares during the period. MQS Management LLC’s holdings in Trimble were worth $375,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Trimble by 41.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after buying an additional 1,594,732 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Trimble by 27.1% in the 3rd quarter. GSA Capital Partners LLP now owns 10,477 shares of the scientific and technical instruments company’s stock worth $651,000 after acquiring an additional 2,231 shares during the period. Apollon Wealth Management LLC acquired a new stake in Trimble in the third quarter valued at about $210,000. Weil Company Inc. boosted its holdings in Trimble by 52.4% during the third quarter. Weil Company Inc. now owns 28,315 shares of the scientific and technical instruments company’s stock worth $1,758,000 after buying an additional 9,739 shares in the last quarter. Finally, Meixler Investment Management Ltd. increased its position in shares of Trimble by 11.8% in the third quarter. Meixler Investment Management Ltd. now owns 19,337 shares of the scientific and technical instruments company’s stock valued at $1,201,000 after buying an additional 2,034 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Down 2.6 %

TRMB stock opened at $70.74 on Friday. The company has a 50 day moving average of $61.79 and a two-hundred day moving average of $57.84. Trimble Inc. has a 12-month low of $42.54 and a 12-month high of $74.22. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.11 and a beta of 1.49. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler lifted their price target on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. Robert W. Baird boosted their price target on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, JPMorgan Chase & Co. lifted their target price on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.40.

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.