National Bank of Canada FI Trims Holdings in Trimble Inc. (NASDAQ:TRMB)

National Bank of Canada FI reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 8.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. boosted its position in Trimble by 0.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after buying an additional 141 shares during the period. Essex Investment Management Co. LLC boosted its holdings in shares of Trimble by 0.5% in the fourth quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company’s stock valued at $2,017,000 after purchasing an additional 141 shares during the period. SRS Capital Advisors Inc. grew its stake in Trimble by 12.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company’s stock worth $93,000 after purchasing an additional 149 shares in the last quarter. M&T Bank Corp increased its holdings in Trimble by 1.6% during the 4th quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company’s stock worth $717,000 after purchasing an additional 156 shares during the period. Finally, SYM FINANCIAL Corp raised its position in Trimble by 4.4% during the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after purchasing an additional 172 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

NASDAQ TRMB opened at $56.51 on Friday. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The firm’s fifty day simple moving average is $70.76 and its two-hundred day simple moving average is $69.14. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $13.89 billion, a P/E ratio of 9.28, a P/E/G ratio of 3.09 and a beta of 1.57.

Insider Buying and Selling

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 stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the company’s stock in a transaction dated 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. Insiders have sold a total of 11,421 shares of company stock worth $831,683 in the last ninety days. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TRMB shares. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Piper Sandler restated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Robert W. Baird increased their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wolfe Research raised 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. Finally, Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Eight investment 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, the stock has a consensus rating of “Buy” and an average price target of $86.00.

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.