Cerity Partners LLC Has $4.37 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Cerity Partners LLC grew its position in Trimble Inc. (NASDAQ:TRMB) by 79.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 70,429 shares of the scientific and technical instruments company’s stock after buying an additional 31,094 shares during the period. Cerity Partners LLC’s holdings in Trimble were worth $4,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its holdings in 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 worth $36,000 after purchasing an additional 479 shares during the last quarter. Blue Trust Inc. grew its position in shares of Trimble by 96.0% during the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 313 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Trimble during the second quarter worth approximately $48,000. Catalyst Capital Advisors LLC acquired a new position in Trimble in the third quarter valued at approximately $49,000. Finally, Cromwell Holdings LLC boosted its stake in Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 375 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Monday. Oppenheimer restated an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. Robert W. Baird increased 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. Piper Sandler boosted their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Stock Performance

Shares of TRMB stock opened at $72.43 on Friday. The company has a market capitalization of $17.69 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49. Trimble Inc. has a 52 week low of $44.05 and a 52 week high of $74.22. 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’s 50 day moving average price is $64.52 and its two-hundred day moving average price is $58.69.

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.