Trimble Inc. (NASDAQ:TRMB) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,489 shares of the scientific and technical instruments company's stock after selling 145,818 shares during the quarter. Bank of Montreal Can owned 0.08% of Trimble worth $13,531,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Crowley Wealth Management Inc. acquired a new stake in Trimble in the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the 4th quarter worth approximately $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Trimble during the fourth quarter worth about $36,000. TD Private Client Wealth LLC increased its position in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 520 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of 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 acquiring an additional 422 shares during the period. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Price Performance

Shares of TRMB traded up $0.10 on Tuesday, reaching $59.59. The stock had a trading volume of 994,844 shares, compared to its average volume of 1,393,639. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The firm has a market capitalization of $14.65 billion, a PE ratio of 9.78, a PEG ratio of 3.09 and a beta of 1.57. The firm has a 50-day moving average of $67.75 and a 200 day moving average of $69.01. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on TRMB shares. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective on the stock in a research note on Monday, December 16th. Oppenheimer boosted their target price on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $86.00.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were 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 of the company's stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,421 shares of company stock worth $831,683. Insiders own 0.47% of the company's stock.

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.