Glenmede Trust Co. NA Sells 7,898 Shares of Trimble Inc. (NASDAQ:TRMB)

Glenmede Trust Co. NA cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 26.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,722 shares of the scientific and technical instruments company’s stock after selling 7,898 shares during the period. Glenmede Trust Co. NA’s holdings in Trimble were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

Trimble Price Performance

TRMB stock opened at $72.97 on Monday. The company has a market capitalization of $17.82 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49. Trimble Inc. has a 52-week low of $45.61 and a 52-week high of $74.22. The business has a 50-day simple moving average of $65.05 and a two-hundred day simple moving average of $58.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

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.