Grandfield & Dodd LLC Boosts Position in Trimble Inc. (NASDAQ:TRMB)

Grandfield & Dodd LLC boosted its position in Trimble Inc. (NASDAQ:TRMB) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 396,762 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,105 shares during the period. Trimble comprises 1.5% of Grandfield & Dodd LLC’s portfolio, making the stock its 25th biggest holding. Grandfield & Dodd LLC’s holdings in Trimble were worth $24,635,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TRMB. GPS Wealth Strategies Group LLC boosted its holdings in shares of 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 buying an additional 479 shares during the last quarter. Blue Trust Inc. boosted its stake 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 acquiring an additional 313 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Trimble in the 2nd quarter worth $48,000. Catalyst Capital Advisors LLC bought a new position in Trimble in the 3rd quarter worth $49,000. Finally, Cromwell Holdings LLC lifted its position 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 valued at $50,000 after purchasing an additional 375 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Trading Down 0.3 %

TRMB stock opened at $69.67 on Wednesday. The company has a market capitalization of $17.01 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 3.02 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble Inc. has a 1-year low of $42.85 and a 1-year high of $74.22. The business has a 50 day simple moving average of $62.72 and a two-hundred day simple moving average of $58.06.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRMB shares. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. raised their target price on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. 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 raised their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird upped their target price on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.40.

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.