National Bank of Canada FI cut its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,300 shares of the scientific and technical instruments company's stock after selling 11,222 shares during the quarter. National Bank of Canada FI's holdings in Trimble were worth $8,359,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Crowley Wealth Management Inc. purchased a new position in Trimble in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new position in shares of Trimble during the fourth quarter worth about $35,000. SBI Securities Co. Ltd. purchased a new position in Trimble during the fourth quarter worth about $36,000. TD Private Client Wealth LLC lifted its position in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 520 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after purchasing an additional 422 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on TRMB. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a report 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 objective for the company in a research note on Monday, December 16th. Sanford C. Bernstein upped their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Oppenheimer lifted their price target 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. Finally, StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $86.00.
Check Out Our Latest Stock Report on TRMB
Insider Activity at Trimble
In related news, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction dated 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. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 over the last quarter. Insiders own 0.47% of the company's stock.
Trimble Price Performance
Shares of NASDAQ TRMB traded down $3.88 during trading on Thursday, reaching $57.61. The company had a trading volume of 363,492 shares, compared to its average volume of 1,384,166. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The stock has a market capitalization of $14.16 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The stock has a 50-day moving average price of $69.02 and a two-hundred day moving average price of $69.04. 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
(
Free Report)
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.
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