Analysts’ Recent Ratings Updates for Trimble (TRMB)

Several brokerages have updated their recommendations and price targets on shares of Trimble (NASDAQ: TRMB) in the last few weeks:

• 11/9/2024 – Trimble was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/8/2024 – Trimble had its price target raised by analysts at Robert W. Baird from $66.00 to $82.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Trimble had its price target raised by analysts at Piper Sandler from $73.00 to $84.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – Trimble had its price target raised by analysts at JPMorgan Chase & Co. from $66.00 to $74.00. They now have a “neutral” rating on the stock.
• 11/1/2024 – Trimble was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/24/2024 – Trimble was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/19/2024 – Trimble had its price target raised by analysts at JPMorgan Chase & Co. from $58.00 to $66.00. They now have a “neutral” rating on the stock.

Trimble Stock Performance

Shares of Trimble stock traded down $0.20 during trading hours on Wednesday, hitting $72.61. 1,430,865 shares of the company’s stock traded hands, compared to its average volume of 1,346,723. The company has a fifty day simple moving average of $61.15 and a 200-day simple moving average of $57.65. Trimble Inc. has a 12-month low of $41.42 and a 12-month high of $74.22. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 3.24 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Institutional Investors Weigh In On Trimble

Institutional investors have recently modified their holdings of the business. GPS Wealth Strategies Group LLC boosted 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 valued at $36,000 after acquiring an additional 479 shares during the period. Blue Trust Inc. grew its stake in Trimble by 96.0% during the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 313 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Trimble in the second quarter worth about $48,000. Catalyst Capital Advisors LLC purchased a new position in Trimble during the third quarter worth approximately $49,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Trimble by 86.6% during 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. 93.21% of the stock is owned by hedge funds and other institutional investors.

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.