Prospector Partners LLC Acquires 3,880 Shares of Trimble Inc. (NASDAQ:TRMB)

Prospector Partners LLC raised its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,972 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,880 shares during the quarter. Trimble makes up 2.3% of Prospector Partners LLC’s holdings, making the stock its 10th biggest position. Prospector Partners LLC owned about 0.15% of Trimble worth $22,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Trimble by 41.4% in the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after purchasing an additional 1,594,732 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Trimble by 7.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock valued at $203,976,000 after purchasing an additional 239,673 shares during the period. Impax Asset Management Group plc grew its holdings in Trimble by 18.7% in 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 buying an additional 434,065 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Trimble by 49.1% during the 3rd 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 period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Trimble by 24.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock worth $102,842,000 after buying an additional 361,421 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Trimble Trading Up 0.9 %

Shares of TRMB stock opened at $72.95 on Tuesday. Trimble Inc. has a fifty-two week low of $43.70 and a fifty-two week high of $74.22. The stock’s fifty day moving average price is $63.95 and its two-hundred day moving average price 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 PE ratio of 12.20, a P/E/G ratio of 3.09 and a beta of 1.49.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TRMB shares. JPMorgan Chase & Co. raised 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. Robert W. Baird raised their price objective on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Oppenheimer reiterated an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Piper Sandler boosted their price target on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.40.

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.