Trimble Inc. (NASDAQ:TRMB) Shares Bought by Westside Investment Management Inc.

Westside Investment Management Inc. lifted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,552 shares of the scientific and technical instruments company’s stock after acquiring an additional 247 shares during the quarter. Westside Investment Management Inc.’s holdings in Trimble were worth $1,452,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Farrow Financial Inc. boosted its stake in Trimble by 0.5% during the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock worth $2,425,000 after buying an additional 192 shares during the period. Empowered Funds LLC increased its holdings in Trimble by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after purchasing an additional 193 shares during the last quarter. Profund Advisors LLC raised its position in Trimble by 4.6% in the second 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 during the period. Sequoia Financial Advisors LLC lifted its stake in Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after purchasing an additional 219 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Trimble by 4.4% during the third 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. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRMB. Piper Sandler reiterated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Robert W. Baird boosted their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer raised their price objective on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $84.86.

Trimble Trading Up 1.1 %

NASDAQ TRMB opened at $77.29 on Wednesday. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.19. The firm has a 50 day moving average of $72.37 and a two-hundred day moving average of $63.30. 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 stock has a market capitalization of $19.00 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 3.11 and a beta of 1.52.

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.