Trimble’s (TRMB) Overweight Rating Reiterated at Piper Sandler

Piper Sandler restated their overweight rating on shares of Trimble (NASDAQ:TRMB) in a research note released on Wednesday,Benzinga reports. They currently have a $84.00 price target on the scientific and technical instruments company’s stock.

A number of other research firms have also issued reports on TRMB. Robert W. Baird upped their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Trimble currently has a consensus rating of “Buy” and a consensus target price of $84.00.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $73.59 on Wednesday. The firm has a market cap of $17.97 billion, a PE ratio of 12.31, a PEG ratio of 3.16 and a beta of 1.53. The firm has a fifty day moving average of $67.78 and a 200 day moving average of $60.09. 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 has a one year low of $48.60 and a one year high of $76.97.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Peapack Gladstone Financial Corp lifted its position in Trimble by 6.8% in the third quarter. Peapack Gladstone Financial Corp now owns 4,270 shares of the scientific and technical instruments company’s stock valued at $265,000 after buying an additional 270 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Trimble in the third quarter valued at approximately $691,000. Sanctuary Advisors LLC raised its holdings in Trimble by 85.0% in the third quarter. Sanctuary Advisors LLC now owns 12,888 shares of the scientific and technical instruments company’s stock valued at $800,000 after acquiring an additional 5,922 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Trimble by 722.2% in the third 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Trimble by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock valued at $364,984,000 after acquiring an additional 39,069 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

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.