Blair William & Co. IL Lowers Holdings in Trimble Inc. (NASDAQ:TRMB)

Blair William & Co. IL cut its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,648 shares of the scientific and technical instruments company's stock after selling 4,483 shares during the quarter. Blair William & Co. IL owned about 0.07% of Trimble worth $12,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in shares of Trimble during the 3rd quarter worth $194,000. Intech Investment Management LLC raised its position in Trimble by 10.2% during the third quarter. Intech Investment Management LLC now owns 5,298 shares of the scientific and technical instruments company's stock valued at $329,000 after purchasing an additional 489 shares in the last quarter. Cerity Partners LLC lifted its stake in Trimble by 79.0% during the third quarter. Cerity Partners LLC now owns 70,429 shares of the scientific and technical instruments company's stock worth $4,373,000 after purchasing an additional 31,094 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Trimble by 46.9% in the 3rd quarter. Bank of Montreal Can now owns 337,307 shares of the scientific and technical instruments company's stock worth $20,795,000 after purchasing an additional 107,645 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Trimble by 20.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 185,151 shares of the scientific and technical instruments company's stock valued at $11,496,000 after purchasing an additional 31,286 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TRMB shares. Piper Sandler reaffirmed an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target for the company in a research report on Monday, December 16th. Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a report on Thursday, February 20th. Finally, StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trimble has an average rating of "Buy" and a consensus price target of $86.00.

Insider Activity at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. The trade was a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

Trimble Stock Up 1.3 %

Shares of TRMB stock traded up $0.83 during midday trading on Wednesday, reaching $66.21. 541,461 shares of the stock were exchanged, compared to its average volume of 1,373,209. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The firm has a market cap of $16.27 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company's 50 day moving average is $71.74 and its two-hundred day moving average is $69.16. The company has a current ratio of 1.27, a quick ratio of 1.07 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.