Janus Henderson Group PLC Buys 1,744 Shares of Trimble Inc. (NASDAQ:TRMB)

Janus Henderson Group PLC boosted its stake in Trimble Inc. (NASDAQ:TRMB) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,905 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,744 shares during the quarter. Janus Henderson Group PLC’s holdings in Trimble were worth $3,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Trimble by 96.0% during the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 313 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of Trimble by 303.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 479 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Trimble during the 2nd quarter valued at about $48,000. Catalyst Capital Advisors LLC bought a new stake in shares of Trimble during the 3rd quarter valued at about $49,000. Finally, Cromwell Holdings LLC boosted its position in shares of Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 375 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

Shares of Trimble stock opened at $74.12 on Wednesday. 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 business’s 50 day simple moving average is $67.06 and its two-hundred day simple moving average is $59.77. The stock has a market capitalization of $18.10 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 3.20 and a beta of 1.53. Trimble Inc. has a one year low of $46.71 and a one year high of $76.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRMB. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Piper Sandler raised their price objective on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Robert W. Baird raised their price objective on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

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.