Trimble Inc. (NASDAQ:TRMB) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 125,577 shares of the scientific and technical instruments company’s stock after selling 530 shares during the quarter. Logan Capital Management Inc.’s holdings in Trimble were worth $7,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Farrow Financial Inc. grew its holdings in shares of Trimble by 0.5% during the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock worth $2,425,000 after purchasing an additional 192 shares during the period. Empowered Funds LLC boosted its stake in shares of Trimble by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 193 shares during the last quarter. Profund Advisors LLC grew its holdings in Trimble by 4.6% during the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock worth $276,000 after acquiring an additional 219 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Trimble by 5.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after acquiring an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Trimble by 4.4% during the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after acquiring an additional 237 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Down 0.8 %

Shares of Trimble stock traded down $0.61 on Friday, hitting $74.26. 55,160 shares of the company traded hands, compared to its average volume of 1,340,124. The company has a market cap of $18.14 billion, a PE ratio of 12.52, a PEG ratio of 3.16 and a beta of 1.53. Trimble Inc. has a 12-month low of $48.60 and a 12-month high of $76.97. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $67.55 and a 200 day moving average price of $59.98.

Analysts Set New Price Targets

TRMB has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Oppenheimer upped their target price on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $84.00.

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.