Charles Schwab Investment Management Inc. Increases Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Charles Schwab Investment Management Inc. boosted its stake in Trimble Inc. (NASDAQ:TRMB) by 49.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,056,558 shares of the scientific and technical instruments company’s stock after acquiring an additional 676,954 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Trimble were worth $127,692,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after purchasing an additional 60,752 shares during the period. Swedbank AB purchased a new position in Trimble in the 1st quarter valued at about $17,937,000. Janus Henderson Group PLC grew its stake in shares of Trimble by 26.6% during the first quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company’s stock valued at $3,845,000 after acquiring an additional 12,555 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Trimble during the second quarter worth about $1,752,000. Finally, Raymond James & Associates lifted its stake in shares of Trimble by 27.9% in the second quarter. Raymond James & Associates now owns 164,488 shares of the scientific and technical instruments company’s stock worth $9,198,000 after acquiring an additional 35,841 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 0.9 %

Trimble stock opened at $72.95 on Tuesday. Trimble Inc. has a 1 year low of $43.70 and a 1 year high of $74.22. The firm’s 50-day moving average is $63.95 and its 200-day moving average is $58.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The company has a market cap of $17.81 billion, a P/E ratio of 12.20, a PEG ratio of 3.09 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on shares of Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Oppenheimer reissued an “outperform” rating and set a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. Piper Sandler increased their price target on shares of 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 objective on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.40.

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.