Bath Savings Trust Co Decreases Position in Trimble Inc. (NASDAQ:TRMB)

Bath Savings Trust Co lowered its stake in Trimble Inc. (NASDAQ:TRMB) by 3.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 27,585 shares of the scientific and technical instruments company’s stock after selling 1,050 shares during the period. Bath Savings Trust Co’s holdings in Trimble were worth $1,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Trimble by 45.5% in the 4th quarter. GAMMA Investing LLC now owns 4,216 shares of the scientific and technical instruments company’s stock valued at $298,000 after purchasing an additional 1,318 shares during the last quarter. Versant Capital Management Inc grew its holdings in Trimble by 63.3% during the 4th quarter. Versant Capital Management Inc now owns 1,886 shares of the scientific and technical instruments company’s stock valued at $133,000 after purchasing an additional 731 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Trimble by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after purchasing an additional 136,452 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after acquiring an additional 60,752 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its holdings in Trimble by 6.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,270 shares of the scientific and technical instruments company’s stock worth $265,000 after buying an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Sanford C. Bernstein increased their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Robert W. Baird lifted their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, Oppenheimer raised their price objective on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $84.86.

Trimble Stock Performance

Trimble stock traded up $0.95 on Tuesday, hitting $72.05. The company’s stock had a trading volume of 899,751 shares, compared to its average volume of 1,135,498. The company has a fifty day moving average price of $70.95 and a 200-day moving average price of $61.97. The firm has a market cap of $17.60 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 3.15 and a beta of 1.52. Trimble Inc. has a one year low of $48.60 and a one year high of $76.97. 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 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.