Trimble (NASDAQ:TRMB) Lowered to Hold Rating by StockNews.com

Trimble (NASDAQ:TRMB) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

TRMB has been the topic of a number of other research reports. Piper Sandler raised their price target on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Oppenheimer reiterated an “outperform” rating and set a $72.00 price target on shares of Trimble in a research note on Wednesday, August 7th. Finally, Robert W. Baird boosted their target price on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Trading Up 0.2 %

NASDAQ:TRMB opened at $73.08 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The company has a market capitalization of $17.85 billion, a P/E ratio of 12.22, a P/E/G ratio of 3.12 and a beta of 1.49. The stock’s 50 day moving average price is $65.05 and its 200 day moving average price is $58.92. Trimble has a 52 week low of $45.61 and a 52 week high of $74.22.

Hedge Funds Weigh In On Trimble

Institutional investors have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC increased its position in 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 worth $36,000 after buying an additional 479 shares during the period. Blue Trust Inc. increased its position in Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 313 shares during the period. TD Private Client Wealth LLC raised its stake in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Trimble in the 2nd quarter valued at $48,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Trimble in the 3rd quarter worth $49,000. 93.21% of the stock is currently owned by institutional investors.

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.