Healthcare of Ontario Pension Plan Trust Fund Grows Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in Trimble Inc. (NASDAQ:TRMB) by 129.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 249,200 shares of the scientific and technical instruments company’s stock after acquiring an additional 140,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.10% of Trimble worth $15,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Victory Capital Management Inc. grew its stake in shares of Trimble by 1,387.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock valued at $215,176,000 after buying an additional 3,589,249 shares during the period. AQR Capital Management LLC grew its stake in shares of Trimble by 2,035.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company’s stock valued at $63,635,000 after buying an additional 1,093,275 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Trimble by 49.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after buying an additional 676,954 shares during the period. Impax Asset Management Group plc grew its stake in shares of Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after buying an additional 434,065 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of 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 valued at $102,842,000 after buying an additional 361,421 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Up 0.1 %

Shares of Trimble stock opened at $72.43 on Friday. The business has a 50-day moving average of $64.52 and a 200-day moving average of $58.69. 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 company has a market capitalization of $17.69 billion, a PE ratio of 12.11, a P/E/G ratio of 3.10 and a beta of 1.49. Trimble Inc. has a 1-year low of $44.05 and a 1-year high of $74.22.

Analyst Upgrades and Downgrades

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

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.