Everence Capital Management Inc. Has $304,000 Holdings in Trimble Inc. (NASDAQ:TRMB)

Everence Capital Management Inc. lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 52.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,300 shares of the scientific and technical instruments company’s stock after selling 4,690 shares during the period. Everence Capital Management Inc.’s holdings in Trimble were worth $304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after purchasing an additional 1,594,732 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Trimble by 2,035.1% in the 2nd 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 buying an additional 1,093,275 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Trimble by 49.1% in the third 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 in the last quarter. Impax Asset Management Group plc lifted its holdings in Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after acquiring an additional 434,065 shares during the period. Finally, Sora Investors LLC purchased a new position in Trimble in the third quarter worth $22,663,000. 93.21% of the stock is owned by institutional investors.

Trimble Stock Up 1.3 %

Trimble stock opened at $72.02 on Wednesday. The firm has a market capitalization of $17.59 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 3.15 and a beta of 1.52. The firm has a 50 day simple moving average of $71.16 and a 200 day simple moving average of $62.08. Trimble Inc. has a 1-year low of $48.60 and a 1-year high of $76.97. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TRMB. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Sanford C. Bernstein lifted their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Oppenheimer raised their target price on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $84.86.

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.