Fulton Bank N.A. Has $526,000 Stock Position in Trimble Inc. (NASDAQ:TRMB)

Fulton Bank N.A. lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,475 shares of the scientific and technical instruments company’s stock after buying an additional 839 shares during the period. Fulton Bank N.A.’s holdings in Trimble were worth $526,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Czech National Bank increased its holdings in Trimble by 0.5% in the 1st quarter. Czech National Bank now owns 43,771 shares of the scientific and technical instruments company’s stock worth $2,817,000 after purchasing an additional 201 shares in the last quarter. SVB Wealth LLC increased its stake in shares of Trimble by 4.8% in the first quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock valued at $286,000 after buying an additional 204 shares during the period. Profund Advisors LLC raised its holdings in Trimble by 4.6% in the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after buying an additional 219 shares during the last quarter. Caprock Group LLC boosted its position in Trimble by 1.9% during the 1st quarter. Caprock Group LLC now owns 12,584 shares of the scientific and technical instruments company’s stock worth $810,000 after buying an additional 233 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Trimble by 18.6% during the 1st quarter. GAMMA Investing LLC now owns 1,858 shares of the scientific and technical instruments company’s stock worth $120,000 after acquiring an additional 291 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Trading Down 0.0 %

Shares of TRMB stock opened at $61.48 on Wednesday. Trimble Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $65.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.88 and a current ratio of 0.99. The stock has a 50 day simple moving average of $56.42 and a two-hundred day simple moving average of $57.21. The company has a market cap of $15.01 billion, a P/E ratio of 64.04, a PEG ratio of 2.79 and a beta of 1.49.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $870.80 million during the quarter, compared to analyst estimates of $862.50 million. Trimble had a net margin of 40.70% and a return on equity of 10.94%. Trimble’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Research analysts forecast that Trimble Inc. will post 2.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRMB. Oppenheimer reiterated an “outperform” rating and set a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Robert W. Baird raised their price objective on Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their target price on Trimble from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Finally, Piper Sandler restated an “overweight” rating and set a $73.00 price target on shares of Trimble in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Trimble has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

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.