Bath Savings Trust Co Reduces Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Bath Savings Trust Co decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 3.7% during the fourth quarter, according to its most recent filing with the SEC. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farrow Financial Inc. increased its position in shares of Trimble by 0.5% during the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after purchasing an additional 192 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Trimble by 3.4% during the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after acquiring an additional 193 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Trimble by 4.6% during the 2nd quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after purchasing an additional 219 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Trimble by 5.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after acquiring an additional 219 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Trimble by 4.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after buying an additional 237 shares during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Up 1.3 %

NASDAQ TRMB traded up $0.95 on Tuesday, hitting $72.05. 899,751 shares of the stock were exchanged, compared to its average volume of 1,135,498. Trimble Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $76.97. The company has a market cap of $17.60 billion, a PE ratio of 12.05, a PEG ratio of 3.15 and a beta of 1.52. 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 company has a 50-day moving average price of $70.95 and a 200-day moving average price of $61.97.

Analyst Ratings Changes

Several brokerages recently weighed in on TRMB. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Monday, December 16th. Sanford C. Bernstein boosted their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and raised their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Robert W. Baird increased their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $84.86.

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.