Trimble Inc. (NASDAQ:TRMB) Stock Position Increased by Empowered Funds LLC

Empowered Funds LLC boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,802 shares of the scientific and technical instruments company’s stock after buying an additional 193 shares during the quarter. Empowered Funds LLC’s holdings in Trimble were worth $360,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its position in shares of Trimble by 303.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 479 shares in the last quarter. Blue Trust Inc. boosted its holdings in Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 313 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Trimble during the second quarter worth approximately $48,000. Catalyst Capital Advisors LLC acquired a new position in Trimble in the third quarter worth approximately $49,000. Finally, Cromwell Holdings LLC increased its holdings in shares of Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 375 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Trimble Price Performance

Shares of TRMB opened at $72.95 on Tuesday. The business’s 50-day moving average is $63.95 and its 200-day moving average is $58.49. 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 company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 3.09 and a beta of 1.49. Trimble Inc. has a fifty-two week low of $43.70 and a fifty-two week high of $74.22.

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.