Trimble Inc. (NASDAQ:TRMB) Holdings Boosted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 20.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,151 shares of the scientific and technical instruments company’s stock after buying an additional 31,286 shares during the period. The Manufacturers Life Insurance Company’s holdings in Trimble were worth $11,496,000 as of its most recent filing with the Securities and Exchange Commission.

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

Trimble Trading Up 0.2 %

Shares of Trimble stock opened at $73.08 on Tuesday. Trimble Inc. has a 1 year low of $45.61 and a 1 year high of $74.22. The company’s fifty day simple moving average is $65.05 and its 200-day simple moving average is $58.92. The company has a market cap of $17.85 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 3.12 and a beta of 1.49. 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 analysts recently issued reports on TRMB shares. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Piper Sandler increased their price target on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Oppenheimer restated an “outperform” rating and set a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Trimble currently has an average rating of “Moderate Buy” and an average price target of $75.40.

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.