Nomura Asset Management Co. Ltd. Buys 624 Shares of Trimble Inc. (NASDAQ:TRMB)

Nomura Asset Management Co. Ltd. boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,733 shares of the scientific and technical instruments company’s stock after acquiring an additional 624 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Trimble were worth $4,330,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TRMB. XTX Topco Ltd purchased a new position in shares of Trimble during the 3rd quarter valued at $2,362,000. National Bank of Canada FI raised its holdings in Trimble by 79.7% during the third quarter. National Bank of Canada FI now owns 129,522 shares of the scientific and technical instruments company’s stock valued at $8,042,000 after acquiring an additional 57,434 shares during the period. Kovitz Investment Group Partners LLC lifted its position in shares of Trimble by 9.8% in the third quarter. Kovitz Investment Group Partners LLC now owns 37,683 shares of the scientific and technical instruments company’s stock valued at $2,160,000 after acquiring an additional 3,363 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Trimble by 3.4% in the third quarter. Wellington Management Group LLP now owns 16,888 shares of the scientific and technical instruments company’s stock worth $1,049,000 after acquiring an additional 551 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its position in shares of Trimble by 768.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock worth $9,295,000 after purchasing an additional 132,467 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Oppenheimer boosted their price target on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday. Finally, StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Thursday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $84.00.

Trimble Price Performance

TRMB stock opened at $73.59 on Friday. Trimble Inc. has a 52 week low of $48.60 and a 52 week high of $76.97. The firm has a market capitalization of $17.97 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 3.16 and a beta of 1.53. The company has a fifty day simple moving average of $67.78 and a two-hundred day simple moving average of $60.09. 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.