Raymond James Trust N.A. Has $310,000 Stock Position in Trimble Inc. (NASDAQ:TRMB)

Raymond James Trust N.A. boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 16.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,991 shares of the scientific and technical instruments company’s stock after buying an additional 690 shares during the quarter. Raymond James Trust N.A.’s holdings in Trimble were worth $310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Trimble by 49.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after buying an additional 676,954 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Trimble by 10.2% during the 3rd quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company’s stock valued at $329,000 after acquiring an additional 489 shares in the last quarter. Grandfield & Dodd LLC grew its position in Trimble by 0.8% during the 3rd quarter. Grandfield & Dodd LLC now owns 396,762 shares of the scientific and technical instruments company’s stock worth $24,635,000 after acquiring an additional 3,105 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Trimble in the 3rd quarter worth about $194,000. Finally, PNC Financial Services Group Inc. raised its position in Trimble by 21.0% in the third quarter. PNC Financial Services Group Inc. now owns 32,631 shares of the scientific and technical instruments company’s stock valued at $2,026,000 after purchasing an additional 5,660 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ TRMB opened at $72.43 on Thursday. The company has a market capitalization of $17.69 billion, a PE ratio of 12.09, a P/E/G ratio of 3.12 and a beta of 1.49. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $44.05 and a twelve month high of $74.22. The firm has a fifty day simple moving average of $64.23 and a 200 day simple moving average of $58.60.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. boosted their price target on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Oppenheimer restated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Robert W. Baird lifted their price target on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler boosted their price objective on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Trimble presently 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.