Trimble Inc. (NASDAQ:TRMB) Position Reduced by Simmons Bank

Simmons Bank lowered its stake in Trimble Inc. (NASDAQ:TRMB) by 2.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 15,775 shares of the scientific and technical instruments company’s stock after selling 437 shares during the period. Simmons Bank’s holdings in Trimble were worth $979,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC raised its position in shares of Trimble by 303.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 479 shares in the last quarter. Blue Trust Inc. raised 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 worth $36,000 after purchasing an additional 313 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Trimble in the 3rd quarter worth about $49,000. Cromwell Holdings LLC boosted 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 valued at $50,000 after buying an additional 375 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Trimble in the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TRMB shares. Oppenheimer reissued an “outperform” rating and issued a $72.00 target price on shares of Trimble in a report on Wednesday, August 7th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. JPMorgan Chase & Co. upped their price objective on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler increased their target price on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their price target on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Trimble presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Price Performance

Shares of TRMB opened at $72.61 on Thursday. The stock’s fifty day moving average is $61.49 and its 200-day moving average is $57.75. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 3.24 and a beta of 1.49. 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 Inc. has a one year low of $41.42 and a one year high of $74.22.

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.