Trimble (NASDAQ:TRMB) Rating Increased to Outperform at Wolfe Research

Wolfe Research upgraded shares of Trimble (NASDAQ:TRMB) from a peer perform rating to an outperform rating in a research note issued to investors on Monday, Marketbeat.com reports. They currently have $90.00 price target on the scientific and technical instruments company’s stock.

TRMB has been the subject of several other research reports. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Oppenheimer upped their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird lifted their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein boosted their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $84.86.

Trimble Trading Up 0.9 %

Shares of TRMB stock opened at $74.24 on Monday. The business has a 50-day moving average price of $68.03 and a two-hundred day moving average price of $60.29. Trimble 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 firm has a market cap of $18.13 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53.

Hedge Funds Weigh In On Trimble

A number of hedge funds have recently modified their holdings of TRMB. Wealth Enhancement Advisory Services LLC increased its stake in shares of Trimble by 34.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,702 shares of the scientific and technical instruments company’s stock valued at $598,000 after buying an additional 2,760 shares during the period. Blue Trust Inc. raised its holdings in Trimble by 96.0% in the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 313 shares in the last quarter. Raymond James & Associates lifted its position in shares of Trimble by 27.9% in the 2nd quarter. Raymond James & Associates now owns 164,488 shares of the scientific and technical instruments company’s stock worth $9,198,000 after purchasing an additional 35,841 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of Trimble during the 2nd quarter valued at about $369,000. Finally, Raymond James Trust N.A. increased its position in shares of Trimble by 16.4% during the second quarter. Raymond James Trust N.A. now owns 4,301 shares of the scientific and technical instruments company’s stock valued at $241,000 after buying an additional 606 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

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.