Advisors Asset Management Inc. Invests $194,000 in Trimble Inc. (NASDAQ:TRMB)

Advisors Asset Management Inc. acquired a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the third quarter, HoldingsChannel reports. The fund acquired 3,118 shares of the scientific and technical instruments company’s stock, valued at approximately $194,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Trimble by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,742 shares of the scientific and technical instruments company’s stock valued at $22,189,000 after purchasing an additional 5,076 shares during the period. Janus Henderson Group PLC increased its holdings in Trimble by 26.6% during the first quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company’s stock valued at $3,845,000 after buying an additional 12,555 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in Trimble by 18.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,724 shares of the scientific and technical instruments company’s stock worth $304,000 after acquiring an additional 725 shares during the period. Swedbank AB purchased a new position in shares of Trimble during the 1st quarter worth $17,937,000. Finally, Cetera Advisors LLC grew its position in shares of Trimble by 27.0% during the 1st quarter. Cetera Advisors LLC now owns 4,951 shares of the scientific and technical instruments company’s stock valued at $319,000 after acquiring an additional 1,052 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRMB. Robert W. Baird lifted their target price on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Oppenheimer reiterated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Piper Sandler upped their target price on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Trimble has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $72.97 on Friday. 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 firm has a market cap of $17.82 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 3.10 and a beta of 1.49. The firm has a fifty day moving average price of $64.77 and a 200 day moving average price of $58.79. Trimble Inc. has a fifty-two week low of $45.61 and a fifty-two week high of $74.22.

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.