Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp grew its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,270 shares of the scientific and technical instruments company’s stock after buying an additional 270 shares during the period. Peapack Gladstone Financial Corp’s holdings in Trimble were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in Trimble in the third quarter valued at approximately $691,000. Sanctuary Advisors LLC lifted its position in shares of Trimble by 85.0% during the 3rd 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 boosted its holdings 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 valued at $37,000 after buying an additional 520 shares in the last quarter. Geode Capital Management LLC raised its stake in Trimble by 0.7% during the 3rd 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 acquiring an additional 39,069 shares in the last quarter. Finally, Vestcor Inc lifted its position in Trimble by 43.7% in the third quarter. Vestcor Inc now owns 5,157 shares of the scientific and technical instruments company’s stock valued at $320,000 after acquiring an additional 1,569 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRMB. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Monday. Robert W. Baird increased their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, 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. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $84.86.

Trimble Stock Performance

Shares of TRMB opened at $74.24 on Tuesday. The stock has a market capitalization of $18.13 billion, a P/E ratio of 12.41, a P/E/G ratio of 3.15 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. Trimble Inc. has a 1 year low of $48.60 and a 1 year high of $76.97. The company’s fifty day moving average is $68.03 and its two-hundred day moving average is $60.29.

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.