CANADA LIFE ASSURANCE Co Buys 15,396 Shares of Trimble Inc. (NASDAQ:TRMB)

CANADA LIFE ASSURANCE Co lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 214,583 shares of the scientific and technical instruments company's stock after purchasing an additional 15,396 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.09% of Trimble worth $15,152,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Crowley Wealth Management Inc. acquired a new position in shares of Trimble during the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new stake in Trimble in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble during the 4th quarter worth approximately $36,000. Larson Financial Group LLC grew its stake in shares of Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $49,000. 93.21% of the stock is owned by institutional investors.

Trimble Stock Performance

NASDAQ TRMB traded up $2.14 during trading on Thursday, reaching $61.65. 1,250,971 shares of the company's stock were exchanged, compared to its average volume of 1,402,320. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock has a market capitalization of $15.15 billion, a P/E ratio of 10.12, a PEG ratio of 3.09 and a beta of 1.57. The business has a 50 day moving average price of $65.84 and a 200-day moving average price of $68.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of analyst reports. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research report on Thursday, February 20th. Oppenheimer raised their price objective on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Trimble presently has an average rating of "Buy" and an average target price of $86.00.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business's 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. Insiders own 0.47% of the company's stock.

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.