Trimble Inc. (NASDAQ:TRMB) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its holdings in Trimble Inc. (NASDAQ:TRMB) by 8.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 118,300 shares of the scientific and technical instruments company’s stock after selling 11,222 shares during the period. National Bank of Canada FI’s holdings in Trimble were worth $8,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its holdings in shares of Trimble by 12.8% during the third quarter. Public Sector Pension Investment Board now owns 10,584 shares of the scientific and technical instruments company’s stock worth $657,000 after purchasing an additional 1,200 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Trimble by 2.9% in the 3rd quarter. Janus Henderson Group PLC now owns 60,905 shares of the scientific and technical instruments company’s stock valued at $3,782,000 after buying an additional 1,744 shares during the period. Investment Management Corp of Ontario lifted its holdings in shares of Trimble by 45.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 8,040 shares of the scientific and technical instruments company’s stock valued at $499,000 after buying an additional 2,500 shares during the period. Wahed Invest LLC boosted its stake in shares of Trimble by 9.4% in the third quarter. Wahed Invest LLC now owns 5,912 shares of the scientific and technical instruments company’s stock worth $367,000 after buying an additional 506 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC grew its holdings in Trimble by 768.5% during the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock worth $9,295,000 after acquiring an additional 132,467 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction 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 ninety days, insiders sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by corporate insiders.

Trimble Trading Down 6.3 %

TRMB stock opened at $56.51 on Friday. The business’s 50-day moving average is $70.76 and its 200 day moving average is $69.14. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. 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. Sanford C. Bernstein lifted their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer increased their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Piper Sandler restated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Finally, Robert W. Baird increased their price target on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. 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.com, the company currently has an average rating of “Buy” and an average target price 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.