Trimble (NASDAQ:TRMB) Price Target Raised to $82.00 at Robert W. Baird

Trimble (NASDAQ:TRMB) had its price target hoisted by Robert W. Baird from $66.00 to $82.00 in a research note published on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the scientific and technical instruments company’s stock.

A number of other equities research analysts also recently commented on the stock. Piper Sandler lifted their target price on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer reiterated an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $73.36 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $60.79 and its 200-day moving average price is $57.56. Trimble has a 52-week low of $40.79 and a 52-week high of $73.81. The company has a market cap of $17.92 billion, a PE ratio of 12.27, a PEG ratio of 3.23 and a beta of 1.49.

Hedge Funds Weigh In On Trimble

Several institutional investors and hedge funds have recently bought and sold shares of TRMB. GPS Wealth Strategies Group LLC lifted its position in shares of Trimble by 303.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 479 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 313 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Trimble in the second quarter worth $48,000. Catalyst Capital Advisors LLC bought a new stake in shares of Trimble during the 3rd quarter valued at $49,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 375 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

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.