Trimble Inc. (NASDAQ:TRMB) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. decreased its holdings in Trimble Inc. (NASDAQ:TRMB) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,195 shares of the scientific and technical instruments company’s stock after selling 471 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Trimble were worth $367,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its holdings in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Trimble in the 3rd quarter worth about $49,000. Cromwell Holdings LLC raised its holdings in Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 375 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Trimble during the second quarter valued at about $52,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Trimble in the third quarter worth about $76,000. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB stock opened at $71.56 on Wednesday. Trimble Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $76.97. The stock’s 50-day moving average is $71.98 and its two-hundred day moving average is $62.52. 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 $17.48 billion, a P/E ratio of 11.97, a PEG ratio of 3.15 and a beta of 1.52.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRMB shares. Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Monday, December 16th. Robert W. Baird increased their price objective on Trimble from $82.00 to $90.00 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 lifted their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $84.86.

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.