Crossmark Global Holdings Inc. Acquires 1,257 Shares of Trimble Inc. (NASDAQ:TRMB)

Crossmark Global Holdings Inc. boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,071 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,257 shares during the period. Crossmark Global Holdings Inc.’s holdings in Trimble were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC raised its position in shares of Trimble by 303.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 479 shares during the period. Blue Trust Inc. grew its stake in Trimble by 96.0% in the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 313 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Trimble in the 2nd quarter valued at about $48,000. Catalyst Capital Advisors LLC acquired a new stake in Trimble during the third quarter worth approximately $49,000. Finally, Cromwell Holdings LLC grew its position in shares of Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $70.74 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $17.28 billion, a PE ratio of 11.83, a PEG ratio of 3.24 and a beta of 1.49. The firm has a 50 day moving average of $61.79 and a 200-day moving average of $57.84. Trimble Inc. has a 12 month low of $42.54 and a 12 month high of $74.22.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRMB. StockNews.com lowered Trimble from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Robert W. Baird boosted their price objective on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised 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. Finally, Piper Sandler boosted their price target on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Trimble presently has an average rating of “Moderate Buy” and a consensus price target of $75.40.

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.