SG Americas Securities LLC Increases Stake in Trimble Inc. (NASDAQ:TRMB)

SG Americas Securities LLC raised its position in Trimble Inc. (NASDAQ:TRMBGet Rating) by 332.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,913 shares of the scientific and technical instruments company’s stock after purchasing an additional 8,392 shares during the period. SG Americas Securities LLC’s holdings in Trimble were worth $592,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its holdings in Trimble by 118.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 494 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 268 shares in the last quarter. Trust Co. of Vermont purchased a new position in Trimble in the 2nd quarter valued at $29,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Trimble in the 2nd quarter valued at $38,000. Column Capital Advisors LLC lifted its holdings in Trimble by 74.7% in the 2nd quarter. Column Capital Advisors LLC now owns 676 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 289 shares in the last quarter. Finally, Tobam purchased a new position in shares of Trimble during the 2nd quarter worth $64,000. Hedge funds and other institutional investors own 89.49% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the topic of several analyst reports. TheStreet lowered Trimble from a “b-” rating to a “c+” rating in a report on Tuesday, October 11th. Robert W. Baird reduced their price target on Trimble from $70.00 to $65.00 in a report on Thursday, November 3rd. JPMorgan Chase & Co. reduced their price target on Trimble from $64.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Piper Sandler reduced their price target on Trimble from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. Finally, Morgan Stanley lifted their price target on Trimble from $63.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 13th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.17.

Trimble Stock Up 2.9 %

Shares of TRMB opened at $55.79 on Monday. The firm has a market cap of $13.76 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 1.76 and a beta of 1.57. Trimble Inc. has a 12-month low of $47.52 and a 12-month high of $74.87. The company’s 50-day moving average price is $54.57 and its 200 day moving average price is $58.77. The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 0.32.

Trimble (NASDAQ:TRMBGet Rating) last released its earnings results on Wednesday, November 2nd. The scientific and technical instruments company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $884.90 million during the quarter, compared to analyst estimates of $910.81 million. Trimble had a net margin of 12.80% and a return on equity of 14.45%. On average, sell-side analysts forecast that Trimble Inc. will post 2.25 earnings per share for the current year.

Trimble Company Profile

(Get Rating)

Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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