Loomis Sayles & Co. L P Sells 635 Shares of Trimble Inc. (NASDAQ:TRMB)

Loomis Sayles & Co. L P trimmed its stake in Trimble Inc. (NASDAQ:TRMB) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 481,150 shares of the scientific and technical instruments company’s stock after selling 635 shares during the period. Loomis Sayles & Co. L P owned approximately 0.20% of Trimble worth $29,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GPS Wealth Strategies Group LLC increased its holdings in shares of Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 479 shares during the last quarter. Blue Trust Inc. grew its position in 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. Ashton Thomas Private Wealth LLC bought a new position in Trimble in the second quarter valued at $48,000. Catalyst Capital Advisors LLC purchased a new stake in Trimble during the third quarter valued at about $49,000. Finally, Cromwell Holdings LLC lifted its stake in Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Trimble Stock Performance

NASDAQ:TRMB opened at $72.95 on Tuesday. 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 fifty-two week low of $43.70 and a fifty-two week high of $74.22. The business has a 50 day moving average price of $63.95 and a 200-day moving average price of $58.49. The firm has a market cap of $17.81 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 3.09 and a beta of 1.49.

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.