Beacon Investment Advisory Services Inc. Has $2.12 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Beacon Investment Advisory Services Inc. grew its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 23.4% during the third quarter, HoldingsChannel.com reports. The firm owned 34,175 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,475 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Trimble were worth $2,122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in shares of Trimble by 41.4% during the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after purchasing an additional 1,594,732 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Trimble by 7.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock worth $203,976,000 after purchasing an additional 239,673 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after acquiring an additional 434,065 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Trimble by 49.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after acquiring an additional 676,954 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Trimble by 24.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock worth $102,842,000 after acquiring an additional 361,421 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRMB shares. StockNews.com downgraded shares of Trimble from a “buy” rating to a “hold” rating in a report on Tuesday. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. Robert W. Baird upped their price target on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler upped their price target on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Trimble has an average rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $73.08 on Tuesday. The company has a market cap of $17.85 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 3.12 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $65.05 and a 200 day simple moving average of $58.92. Trimble Inc. has a one year low of $45.61 and a one year high of $74.22.

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.