Trimble (NASDAQ:TRMB) Upgraded at StockNews.com

Trimble (NASDAQ:TRMB) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other research firms also recently commented on TRMB. 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. Oppenheimer restated an “outperform” rating and set a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Piper Sandler boosted their price target on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Price Performance

Shares of TRMB stock traded up $0.63 during midday trading on Monday, reaching $72.95. 1,597,812 shares of the company were exchanged, compared to its average volume of 1,346,568. Trimble has a 12 month low of $43.70 and a 12 month high of $74.22. The company has a market cap of $17.81 billion, a P/E ratio of 12.20, a PEG ratio of 3.09 and a beta of 1.49. The company’s 50 day moving average price is $63.95 and its two-hundred day moving average price is $58.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TRMB. GPS Wealth Strategies Group LLC increased its position in shares of Trimble by 303.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 479 shares in the last quarter. Blue Trust Inc. increased its position in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 313 shares in the last quarter. TD Private Client Wealth LLC grew 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 valued at $37,000 after purchasing an additional 520 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Trimble during the second quarter valued at approximately $48,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Trimble during the third quarter valued at approximately $49,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

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.