Thrivent Financial for Lutherans Has $221.27 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Thrivent Financial for Lutherans reduced its holdings in Trimble Inc. (NASDAQ:TRMB) by 2.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,563,613 shares of the scientific and technical instruments company’s stock after selling 84,028 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Trimble were worth $221,265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted 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 purchasing an additional 1,594,732 shares during the period. Impax Asset Management Group plc increased its holdings in Trimble by 18.7% in the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after purchasing an additional 434,065 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Trimble by 25.4% in the first quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company’s stock valued at $164,087,000 after buying an additional 516,789 shares during the period. Dimensional Fund Advisors LP lifted its stake in Trimble by 24.5% in the second 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 buying an additional 361,421 shares during the period. Finally, Saturna Capital Corp boosted its holdings in Trimble by 8.7% during the first quarter. Saturna Capital Corp now owns 1,690,347 shares of the scientific and technical instruments company’s stock worth $108,791,000 after buying an additional 135,108 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Trimble stock opened at $70.62 on Friday. The firm has a market cap of $17.25 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 3.02 and a beta of 1.49. The stock’s fifty day moving average price is $62.12 and its two-hundred day moving average price is $57.90. Trimble Inc. has a one year low of $42.56 and a one year high of $74.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRMB. Robert W. Baird upped their price target on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Sunday. Piper Sandler increased their target price on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.40.

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.