Recent Investment Analysts’ Ratings Updates for Trimble (TRMB)

A number of research firms have changed their ratings and price targets for Trimble (NASDAQ: TRMB):

• 12/16/2024 – Trimble was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $90.00 price target on the stock.
• 12/12/2024 – Trimble was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/11/2024 – Trimble had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $84.00 price target on the stock.
• 12/11/2024 – Trimble had its price target raised by analysts at Sanford C. Bernstein from $82.00 to $85.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Trimble had its price target raised by analysts at Oppenheimer Holdings Inc. from $77.00 to $88.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Trimble had its price target raised by analysts at Robert W. Baird from $82.00 to $90.00. They now have an “outperform” rating on the stock.
• 12/4/2024 – Trimble was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $92.00 price target on the stock, up previously from $74.00.
• 12/3/2024 – Trimble was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/25/2024 – Trimble was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/17/2024 – Trimble was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/9/2024 – Trimble was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/8/2024 – Trimble had its price target raised by analysts at Robert W. Baird from $66.00 to $82.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Trimble had its price target raised by analysts at Piper Sandler from $73.00 to $84.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – Trimble had its price target raised by analysts at JPMorgan Chase & Co. from $66.00 to $74.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Trimble was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Trimble Stock Up 1.0 %

Shares of Trimble stock opened at $71.87 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 3.15 and a beta of 1.53. Trimble Inc. has a 52-week low of $48.60 and a 52-week high of $76.97. The stock has a 50-day simple moving average of $69.15 and a 200-day simple moving average of $60.99.

Institutional Investors Weigh In On Trimble

A number of large investors have recently added to or reduced their stakes in TRMB. Principal Financial Group Inc. raised its position in shares of Trimble by 18.4% during the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after buying an additional 60,752 shares during the last quarter. Magnetar Financial LLC bought a new position in Trimble during the second quarter valued at about $1,752,000. Benjamin Edwards Inc. lifted its position in shares of Trimble by 76.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock worth $2,496,000 after acquiring an additional 17,424 shares during the period. Worldquant Millennium Advisors LLC grew its holdings in shares of Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock worth $9,295,000 after purchasing an additional 132,467 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after purchasing an additional 1,594,732 shares during the period. Institutional investors own 93.21% of the company’s stock.

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.