Fulton Bank N.A. Buys 2,781 Shares of Trimble Inc. (NASDAQ:TRMB)

Fulton Bank N.A. boosted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 32.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,256 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,781 shares during the period. Fulton Bank N.A.’s holdings in Trimble were worth $795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after purchasing an additional 60,752 shares in the last quarter. Magnetar Financial LLC bought a new position in Trimble during the second quarter valued at $1,752,000. Benjamin Edwards Inc. increased its holdings in shares of Trimble by 76.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock worth $2,496,000 after buying an additional 17,424 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Trimble by 41.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after acquiring an additional 1,594,732 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Trading Up 0.7 %

NASDAQ TRMB opened at $72.54 on Friday. Trimble Inc. has a 12 month low of $48.60 and a 12 month high of $76.97. The company’s 50-day moving average price is $71.62 and its 200-day moving average price is $62.22. The stock has a market cap of $17.71 billion, a PE ratio of 12.13, a PEG ratio of 3.15 and a beta of 1.52. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TRMB shares. Piper Sandler reissued an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. 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. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Monday, December 16th. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $84.86.

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.