Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Saturna Capital Corp

Saturna Capital Corp increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 0.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,690,910 shares of the scientific and technical instruments company’s stock after purchasing an additional 477 shares during the period. Saturna Capital Corp owned 0.69% of Trimble worth $104,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in 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 worth $337,934,000 after buying an additional 1,594,732 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Trimble by 7.0% during the second quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock worth $203,976,000 after buying an additional 239,673 shares during the period. Impax Asset Management Group plc raised its position in Trimble by 18.7% in the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after purchasing an additional 434,065 shares during the period. Lazard Asset Management LLC lifted its stake in Trimble by 25.4% during the 1st quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company’s stock worth $164,087,000 after acquiring an additional 516,789 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Trimble by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock worth $102,842,000 after purchasing an additional 361,421 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 0.7 %

Shares of NASDAQ:TRMB opened at $72.81 on Wednesday. The firm has a fifty day moving average price of $61.15 and a 200 day moving average price of $57.65. Trimble Inc. has a 1-year low of $40.79 and a 1-year high of $74.22. 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 stock has a market cap of $17.78 billion, a P/E ratio of 12.18, a P/E/G ratio of 3.26 and a beta of 1.49.

Analysts Set New Price Targets

TRMB has been the subject of several recent research reports. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research note on Saturday. Piper Sandler raised their price objective on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Robert W. Baird upped their target price on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target 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. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and an average price target of $75.40.

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.