Analysts Set Trimble Inc. (NASDAQ:TRMB) PT at $84.86

Shares of Trimble Inc. (NASDAQ:TRMB) have received an average rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $84.86.

Several equities analysts have commented on TRMB shares. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Oppenheimer lifted their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein raised their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird increased their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th.

Trimble Stock Performance

Shares of Trimble stock opened at $72.30 on Friday. Trimble has a 52 week low of $48.60 and a 52 week high of $76.97. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.66 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. The business has a 50 day moving average price of $69.58 and a 200-day moving average price of $61.14.

Institutional Trading of Trimble

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC raised its position in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 313 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Trimble in the 3rd quarter worth about $49,000. Cromwell Holdings LLC increased its holdings in shares of Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Trimble in the second quarter worth approximately $48,000. Institutional investors own 93.21% of the company’s stock.

About Trimble

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.