Robert W. Baird Forecasts Strong Price Appreciation for Trimble (NASDAQ:TRMB) Stock

Trimble (NASDAQ:TRMB) had its price target boosted by Robert W. Baird from $82.00 to $90.00 in a report issued on Wednesday,Benzinga reports. They currently have an outperform rating on the scientific and technical instruments company’s stock.

A number of other research firms also recently weighed in on TRMB. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, 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 report on Thursday, November 7th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trimble presently has a consensus rating of “Buy” and an average target price of $84.00.

Trimble Stock Down 1.7 %

NASDAQ TRMB opened at $73.59 on Wednesday. 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 has a 1-year low of $48.60 and a 1-year high of $76.97. The company has a 50 day moving average of $67.78 and a 200-day moving average of $60.09. The company has a market cap of $17.97 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.16 and a beta of 1.53.

Institutional Trading of Trimble

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Peapack Gladstone Financial Corp grew its stake in shares of Trimble by 6.8% during the third quarter. Peapack Gladstone Financial Corp now owns 4,270 shares of the scientific and technical instruments company’s stock worth $265,000 after buying an additional 270 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Trimble during the third quarter worth $691,000. Sanctuary Advisors LLC grew its stake in shares of Trimble by 85.0% during the third quarter. Sanctuary Advisors LLC now owns 12,888 shares of the scientific and technical instruments company’s stock worth $800,000 after buying an additional 5,922 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Trimble by 722.2% during the third 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. Finally, Geode Capital Management LLC grew its stake in shares of Trimble by 0.7% during the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after buying an additional 39,069 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

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.