Truvestments Capital LLC Grows Position in Trimble Inc. (NASDAQ:TRMB)

Truvestments Capital LLC lifted its position in Trimble Inc. (NASDAQ:TRMB) by 15.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,142 shares of the scientific and technical instruments company’s stock after purchasing an additional 693 shares during the period. Truvestments Capital LLC’s holdings in Trimble were worth $319,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Penserra Capital Management LLC raised its position in Trimble by 5.9% during the 3rd quarter. Penserra Capital Management LLC now owns 29,267 shares of the scientific and technical instruments company’s stock valued at $1,816,000 after purchasing an additional 1,623 shares during the last quarter. Cerity Partners LLC lifted its stake in Trimble by 79.0% in the third quarter. Cerity Partners LLC now owns 70,429 shares of the scientific and technical instruments company’s stock worth $4,373,000 after acquiring an additional 31,094 shares during the period. Raymond James Trust N.A. boosted its holdings in Trimble by 16.0% in the third quarter. Raymond James Trust N.A. now owns 4,991 shares of the scientific and technical instruments company’s stock valued at $310,000 after acquiring an additional 690 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Trimble by 49.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after purchasing an additional 676,954 shares during the period. Finally, Intech Investment Management LLC raised its holdings in Trimble by 10.2% in the 3rd quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company’s stock worth $329,000 after purchasing an additional 489 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRMB has been the subject of a number of research reports. Piper Sandler increased their price target on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Robert W. Baird increased their target price on 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. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and an average target price of $75.40.

Trimble Stock Performance

Shares of TRMB stock opened at $72.95 on Tuesday. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. Trimble Inc. has a one year low of $43.70 and a one year high of $74.22. The company’s 50-day moving average is $63.95 and its 200 day moving average is $58.49.

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.