Wealth Enhancement Advisory Services LLC Raises Position in Trimble Inc. (NASDAQ:TRMB)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,038 shares of the scientific and technical instruments company’s stock after buying an additional 486 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Trimble were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in shares of 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 valued at $337,934,000 after buying an additional 1,594,732 shares during the last quarter. AQR Capital Management LLC lifted its position in Trimble by 2,035.1% during 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 acquiring an additional 1,093,275 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Trimble by 49.1% during 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 purchasing an additional 676,954 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Trimble by 18.7% in the third 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 purchasing an additional 434,065 shares during the period. Finally, Sora Investors LLC purchased a new position in shares of Trimble in the third quarter worth about $22,663,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of recent research reports. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Oppenheimer upped their price target on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Sanford C. Bernstein increased their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Finally, Robert W. Baird raised their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $84.86.

Trimble Trading Up 1.8 %

TRMB stock opened at $71.56 on Wednesday. Trimble Inc. has a 52-week low of $48.60 and a 52-week 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 $17.48 billion, a P/E ratio of 11.97, a PEG ratio of 3.15 and a beta of 1.52. The company’s 50-day simple moving average is $71.98 and its 200-day simple moving average is $62.52.

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.