Trimble Inc. (NASDAQ:TRMB) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its stake in Trimble Inc. (NASDAQ:TRMB) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 388,682 shares of the scientific and technical instruments company’s stock after selling 11,370 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Trimble were worth $24,133,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TRMB. Grandfield & Dodd LLC raised its holdings in shares of 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 period. Advisors Asset Management Inc. purchased a new position in Trimble during the third quarter worth about $194,000. PNC Financial Services Group Inc. boosted its holdings in Trimble by 21.0% in the 3rd 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. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Trimble in the 3rd quarter valued at approximately $1,963,000. Finally, Claro Advisors LLC acquired a new stake in shares of Trimble during the 3rd quarter worth approximately $237,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Up 1.2 %

Shares of NASDAQ:TRMB opened at $72.32 on Friday. The firm’s 50-day moving average is $63.66 and its two-hundred day moving average is $58.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble Inc. has a 1 year low of $43.51 and a 1 year high of $74.22. The firm has a market capitalization of $17.66 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 2.98 and a beta of 1.49.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird raised their target price on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research note 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. 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 research note on Thursday, November 7th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.