JPMorgan Chase & Co. Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

JPMorgan Chase & Co. raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 22.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 750,423 shares of the scientific and technical instruments company’s stock after acquiring an additional 136,452 shares during the period. JPMorgan Chase & Co. owned 0.31% of Trimble worth $46,594,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. raised its holdings in Trimble by 41.4% in the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after buying an additional 1,594,732 shares during the period. AQR Capital Management LLC increased its position in shares of Trimble by 2,035.1% in the second quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company’s stock worth $63,635,000 after acquiring an additional 1,093,275 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Trimble by 49.1% in 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 acquiring an additional 676,954 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after acquiring an additional 434,065 shares in the last quarter. Finally, Sora Investors LLC purchased a new stake in Trimble during the 3rd quarter worth $22,663,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the topic of several analyst reports. Sanford C. Bernstein raised their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Monday, December 16th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $84.86.

Trimble Stock Up 1.2 %

TRMB stock opened at $70.57 on Monday. 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’s 50-day simple moving average is $70.76 and its 200 day simple moving average is $61.86. The stock has a market cap of $17.23 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 3.15 and a beta of 1.52. Trimble Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $76.97.

Trimble 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.