Trimble Inc. (NASDAQ:TRMB) Position Cut by Procyon Advisors LLC

Procyon Advisors LLC lowered its position in shares of Trimble Inc. (NASDAQ:TRMB) by 24.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,924 shares of the scientific and technical instruments company’s stock after selling 2,289 shares during the period. Procyon Advisors LLC’s holdings in Trimble were worth $489,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of TRMB. American Century Companies Inc. raised its holdings in shares of Trimble by 27.9% during the second quarter. American Century Companies Inc. now owns 16,067 shares of the scientific and technical instruments company’s stock valued at $898,000 after buying an additional 3,507 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Trimble by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 228,235 shares of the scientific and technical instruments company’s stock valued at $12,763,000 after acquiring an additional 13,845 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Trimble by 24.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock worth $102,842,000 after acquiring an additional 361,421 shares during the period. Edgestream Partners L.P. bought a new position in shares of Trimble in the second quarter worth $331,000. Finally, Argent Trust Co increased its holdings in shares of Trimble by 97.4% during the second quarter. Argent Trust Co now owns 6,284 shares of the scientific and technical instruments company’s stock valued at $351,000 after purchasing an additional 3,100 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TRMB shares. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Robert W. Baird raised their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer upped their target price on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Monday, December 16th. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $84.86.

Trimble Trading Up 1.4 %

NASDAQ TRMB opened at $74.92 on Friday. The firm’s 50 day moving average price is $72.27 and its two-hundred day moving average price is $62.96. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. Trimble Inc. has a twelve month low of $48.60 and a twelve month high of $76.97. The stock has a market cap of $18.30 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 2.92 and a beta of 1.52.

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.