Huntington National Bank Grows Position in Trimble Inc. (NASDAQ:TRMB)

Huntington National Bank increased its position in Trimble Inc. (NASDAQ:TRMB) by 48.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,601 shares of the scientific and technical instruments company’s stock after purchasing an additional 524 shares during the period. Huntington National Bank’s holdings in Trimble were worth $99,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRMB. Victory Capital Management Inc. increased its position in shares of Trimble by 1,387.6% in the second quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock valued at $215,176,000 after acquiring an additional 3,589,249 shares during the period. AQR Capital Management LLC grew its stake in shares of Trimble by 2,035.1% in the second quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company’s stock worth $63,635,000 after purchasing an additional 1,093,275 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Trimble by 25.4% in the first 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 purchasing an additional 516,789 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Trimble by 18.7% during the 3rd 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. Finally, Capital Group Private Client Services Inc. raised its position in Trimble by 77.8% during the 1st quarter. Capital Group Private Client Services Inc. now owns 891,592 shares of the scientific and technical instruments company’s stock valued at $57,383,000 after purchasing an additional 390,171 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Piper Sandler upped 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. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. 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 research report on Friday, November 8th. Finally, StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.40.

Trimble Stock Performance

Shares of Trimble stock opened at $70.62 on Monday. Trimble Inc. has a 12 month low of $42.56 and a 12 month high of $74.22. The firm has a market capitalization of $17.25 billion, a P/E ratio of 11.81, a P/E/G ratio of 3.02 and a beta of 1.49. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $62.12 and a two-hundred day simple moving average of $57.89.

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.