Apollon Wealth Management LLC Makes New Investment in Trimble Inc. (NASDAQ:TRMB)

Apollon Wealth Management LLC acquired a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,389 shares of the scientific and technical instruments company’s stock, valued at approximately $210,000.

Several other large investors have also recently modified their holdings of TRMB. Envestnet Portfolio Solutions Inc. purchased a new position in Trimble in the 1st quarter worth approximately $215,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Trimble in the first quarter worth $354,000. Bessemer Group Inc. raised its holdings in Trimble by 48.8% during the 1st quarter. Bessemer Group Inc. now owns 15,836 shares of the scientific and technical instruments company’s stock valued at $1,019,000 after buying an additional 5,197 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Trimble by 11.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 247,807 shares of the scientific and technical instruments company’s stock valued at $15,960,000 after buying an additional 24,938 shares during the period. Finally, Natixis grew its holdings in Trimble by 10.6% in the 1st quarter. Natixis now owns 32,481 shares of the scientific and technical instruments company’s stock worth $2,090,000 after acquiring an additional 3,115 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. increased their target price on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Oppenheimer reiterated an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a research report on Wednesday, August 7th. Robert W. Baird upped their target price on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Piper Sandler upped their price objective on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and an average price target of $75.40.

Trimble Trading Down 1.0 %

NASDAQ TRMB opened at $69.88 on Tuesday. The firm has a market capitalization of $17.07 billion, a PE ratio of 11.69, a P/E/G ratio of 3.02 and a beta of 1.49. The stock’s 50 day moving average is $62.43 and its 200 day moving average is $57.96. Trimble Inc. has a twelve month low of $42.85 and a twelve month high of $74.22. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

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.