Clean Yield Group Trims Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Clean Yield Group reduced its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,915 shares of the scientific and technical instruments company’s stock after selling 337 shares during the quarter. Clean Yield Group’s holdings in Trimble were worth $983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRMB. TD Private Client Wealth LLC raised its stake in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares during the period. 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 bought a new position in shares of Trimble in the third quarter valued at approximately $49,000. Cromwell Holdings LLC grew its stake in 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 in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Trimble during the 2nd quarter worth approximately $52,000. Institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 0.2 %

Shares of NASDAQ TRMB traded down $0.14 during mid-day trading on Monday, hitting $70.09. The stock had a trading volume of 551,118 shares, compared to its average volume of 1,314,509. The business has a 50 day moving average price of $71.80 and a two-hundred day moving average price of $62.42. Trimble Inc. has a 1 year low of $48.60 and a 1 year high of $76.97. 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 firm has a market cap of $17.12 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 3.15 and a beta of 1.52.

Analyst Ratings Changes

Several research analysts have recently weighed in on TRMB shares. Robert W. Baird upped their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Oppenheimer lifted their price target on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Trimble has an average rating of “Buy” and an average target price of $84.86.

About Trimble

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.