Trimble Inc. (NASDAQ:TRMB) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 129.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 249,200 shares of the scientific and technical instruments company’s stock after purchasing an additional 140,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Trimble were worth $15,473,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its position in shares of Trimble by 303.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 479 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 313 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Trimble during the second quarter worth about $48,000. Catalyst Capital Advisors LLC bought a new position in shares of Trimble during the third quarter worth about $49,000. Finally, Cromwell Holdings LLC lifted its position in shares of Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Monday. 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. Robert W. Baird raised their target price on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Piper Sandler raised their target price 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 research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Trimble presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $72.43 on Friday. The firm’s 50 day moving average is $64.52 and its two-hundred day moving average is $58.69. Trimble Inc. has a 52 week low of $44.05 and a 52 week high of $74.22. The firm has a market capitalization of $17.69 billion, a P/E ratio of 12.11, a PEG ratio of 3.10 and a beta of 1.49. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

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.