Trust Asset Management LLC Takes Position in Trimble Inc. (NASDAQ:TRMB)

Trust Asset Management LLC acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,873 shares of the scientific and technical instruments company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position in 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 acquiring an additional 520 shares during the period. Friedenthal Financial acquired a new position in shares of Trimble during the 4th quarter worth approximately $49,000. Catalyst Capital Advisors LLC bought a new position in shares of Trimble during the third quarter worth approximately $49,000. Cromwell Holdings LLC raised its position in shares of Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 375 shares in the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in Trimble during the third quarter worth approximately $76,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB opened at $74.92 on Tuesday. The stock has a 50-day moving average of $72.30 and a 200-day moving average of $63.15. Trimble Inc. has a one year low of $48.60 and a one year high of $76.97. 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 has a market cap of $18.41 billion, a PE ratio of 12.53, a P/E/G ratio of 3.11 and a beta of 1.52.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRMB shares. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Piper Sandler restated an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Sanford C. Bernstein lifted their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trimble currently has an average rating of “Buy” and an average target price of $84.86.

Trimble 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.