Saturna Capital Corp Raises Position in Trimble Inc. (NASDAQ:TRMB)

Saturna Capital Corp increased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 0.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,690,910 shares of the scientific and technical instruments company’s stock after purchasing an additional 477 shares during the period. Saturna Capital Corp’s holdings in Trimble were worth $104,989,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TRMB. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Trimble by 25.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 296,093 shares of the scientific and technical instruments company’s stock worth $19,057,000 after purchasing an additional 60,409 shares during the period. CANADA LIFE ASSURANCE Co grew its position in Trimble by 11.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 247,807 shares of the scientific and technical instruments company’s stock worth $15,960,000 after buying an additional 24,938 shares during the period. Trustmark National Bank Trust Department purchased a new position in Trimble in the first quarter valued at about $579,000. Swedbank AB acquired a new stake in shares of Trimble during the 1st quarter valued at approximately $17,937,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Trimble by 26.6% in the 1st quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company’s stock worth $3,845,000 after acquiring an additional 12,555 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $72.81 on Wednesday. The business has a fifty day simple moving average of $61.15 and a 200-day simple moving average of $57.65. Trimble Inc. has a 52 week low of $40.79 and a 52 week high of $74.22. The company has a market cap of $17.78 billion, a P/E ratio of 12.18, a P/E/G ratio of 3.26 and a beta of 1.49. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TRMB shares. Robert W. Baird boosted their target price on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer restated an “outperform” rating and set a $72.00 price objective on shares of Trimble in a research report on Wednesday, August 7th. Finally, Piper Sandler increased their target price on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.