Trimble Inc. (NASDAQ:TRMB) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia grew its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 70.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,390 shares of the scientific and technical instruments company's stock after buying an additional 22,142 shares during the quarter. Bank of Nova Scotia's holdings in Trimble were worth $3,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Trimble in the fourth quarter valued at $190,391,000. Boston Partners lifted its stake in shares of Trimble by 217.3% during the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock worth $239,802,000 after buying an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC purchased a new position in Trimble during the 4th quarter worth approximately $50,041,000. JPMorgan Chase & Co. increased its holdings in shares of Trimble by 69.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company's stock valued at $89,837,000 after purchasing an additional 520,980 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Trimble by 1,064.6% in the fourth quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company's stock valued at $32,257,000 after purchasing an additional 417,313 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Trimble Stock Down 2.2 %

Shares of NASDAQ:TRMB traded down $1.31 during mid-day trading on Wednesday, hitting $58.28. 1,163,870 shares of the company traded hands, compared to its average volume of 1,394,702. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market cap of $14.32 billion, a P/E ratio of 9.57, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The stock has a 50-day moving average price of $67.75 and a two-hundred day moving average price of $69.01.

Insider Transactions at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now owns 10,162 shares in the company, valued at $729,529.98. The trade was a 17.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRMB. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a research report on Thursday, February 20th. StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Oppenheimer raised their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trimble has a consensus rating of "Buy" and an average price target of $86.00.

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.