Trimble Inc. (NASDAQ:TRMB) Stock Holdings Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 85.0% in the 3rd quarter, Holdings Channel reports. The firm owned 12,888 shares of the scientific and technical instruments company’s stock after buying an additional 5,922 shares during the period. Sanctuary Advisors LLC’s holdings in Trimble were worth $800,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its position in shares of 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 acquiring an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Trimble during the third quarter valued at $49,000. Cromwell Holdings LLC boosted its position in shares of Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Trimble in the 2nd quarter worth about $48,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Trimble during the 2nd quarter worth about $52,000. 93.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Sanford C. Bernstein raised their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Robert W. Baird increased their target price on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer lifted their price target on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trimble has an average rating of “Buy” and an average target price of $84.86.

Trimble Price Performance

TRMB opened at $71.17 on Tuesday. The stock has a fifty day moving average price of $68.78 and a 200 day moving average price of $60.76. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 1 year low of $48.60 and a 1 year high of $76.97. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 3.15 and a beta of 1.53.

Trimble 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.