Oppenheimer & Co. Inc. Sells 1,480 Shares of Trimble Inc. (NASDAQ:TRMB)

Oppenheimer & Co. Inc. lowered its holdings in Trimble Inc. (NASDAQ:TRMB) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,808 shares of the scientific and technical instruments company’s stock after selling 1,480 shares during the period. Oppenheimer & Co. Inc.’s holdings in Trimble were worth $2,347,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TRMB. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Trimble during the first quarter worth $215,000. Empowered Funds LLC boosted its stake in Trimble by 15.1% in the 1st quarter. Empowered Funds LLC now owns 5,145 shares of the scientific and technical instruments company’s stock worth $331,000 after purchasing an additional 675 shares during the period. M&G Plc purchased a new position in Trimble during the 1st quarter valued at about $1,255,000. Beaumont Financial Advisors LLC bought a new stake in shares of Trimble during the first quarter valued at about $219,000. Finally, Trustmark National Bank Trust Department purchased a new stake in shares of Trimble in the first quarter worth about $579,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Robert W. Baird upped their target price 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 increased their price objective on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer restated an “outperform” rating and set a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Sunday. Finally, JPMorgan Chase & Co. boosted their price objective on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Trading Down 0.2 %

Shares of TRMB stock opened at $70.62 on Friday. The business has a 50-day moving average price of $62.12 and a two-hundred day moving average price of $57.90. Trimble Inc. has a 12-month low of $42.56 and a 12-month high of $74.22. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.25 billion, a P/E ratio of 11.81, a price-to-earnings-growth ratio of 3.11 and a beta of 1.49.

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.