Czech National Bank Raises Position in Trimble Inc. (NASDAQ:TRMB)

Czech National Bank increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 6.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 52,950 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,203 shares during the period. Czech National Bank’s holdings in Trimble were worth $3,741,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Trimble during the third quarter worth about $49,000. Cromwell Holdings LLC boosted its holdings in Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 375 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Trimble during the second quarter worth about $52,000. Finally, Sentry Investment Management LLC purchased a new stake in Trimble during the third quarter worth about $76,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $72.72 on Thursday. The firm has a 50 day simple moving average of $72.18 and a 200-day simple moving average of $62.63. 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 firm has a market cap of $17.76 billion, a PE ratio of 12.16, a P/E/G ratio of 3.15 and a beta of 1.52. Trimble Inc. has a 1-year low of $48.60 and a 1-year high of $76.97.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TRMB shares. Robert W. Baird boosted their price objective on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Oppenheimer lifted their target price on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein lifted their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $84.86.

About Trimble

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.