Trimble Inc. (NASDAQ:TRMB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Trimble Inc. (NASDAQ:TRMB) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,068 shares of the scientific and technical instruments company’s stock after selling 729 shares during the period. Mutual of America Capital Management LLC’s holdings in Trimble were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Mizuho Securities USA LLC grew its stake in Trimble by 361.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 86,836 shares of the scientific and technical instruments company’s stock worth $5,392,000 after buying an additional 68,005 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Trimble by 3.4% in 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 purchasing an additional 193 shares in the last quarter. Empirical Finance LLC lifted its holdings in Trimble by 3.9% in the third quarter. Empirical Finance LLC now owns 6,777 shares of the scientific and technical instruments company’s stock worth $421,000 after acquiring an additional 257 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Trimble by 8.2% in the 3rd quarter. CIBC Asset Management Inc now owns 35,711 shares of the scientific and technical instruments company’s stock worth $2,217,000 after acquiring an additional 2,705 shares during the period. Finally, ING Groep NV lifted its holdings in shares of Trimble by 272.8% in the third quarter. ING Groep NV now owns 32,661 shares of the scientific and technical instruments company’s stock valued at $2,028,000 after buying an additional 23,900 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRMB. Robert W. Baird lifted their price target on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Oppenheimer reiterated an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. JPMorgan Chase & Co. raised their target price on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Piper Sandler boosted their price target on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, November 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $75.40.

Trimble Stock Up 1.2 %

Shares of TRMB opened at $72.32 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The firm has a market cap of $17.66 billion, a P/E ratio of 12.09, a P/E/G ratio of 3.05 and a beta of 1.49. The stock has a 50 day simple moving average of $63.66 and a two-hundred day simple moving average of $58.37. Trimble Inc. has a 1 year low of $43.51 and a 1 year high of $74.22.

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.