Bank of Montreal Can Sells 14,924 Shares of Trimble Inc. (NASDAQ:TRMB)

Bank of Montreal Can decreased its holdings in Trimble Inc. (NASDAQ:TRMBGet Rating) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 160,815 shares of the scientific and technical instruments company’s stock after selling 14,924 shares during the quarter. Bank of Montreal Can owned 0.06% of Trimble worth $9,554,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Trimble by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 27,575,624 shares of the scientific and technical instruments company’s stock valued at $1,989,305,000 after acquiring an additional 342,426 shares in the last quarter. BlackRock Inc. lifted its position in Trimble by 1.7% in the 1st quarter. BlackRock Inc. now owns 18,849,775 shares of the scientific and technical instruments company’s stock valued at $1,359,823,000 after acquiring an additional 315,596 shares in the last quarter. Select Equity Group L.P. lifted its position in Trimble by 101.0% in the 1st quarter. Select Equity Group L.P. now owns 8,194,587 shares of the scientific and technical instruments company’s stock valued at $591,158,000 after acquiring an additional 4,118,552 shares in the last quarter. Primecap Management Co. CA lifted its position in Trimble by 0.6% in the 1st quarter. Primecap Management Co. CA now owns 5,766,271 shares of the scientific and technical instruments company’s stock valued at $415,979,000 after acquiring an additional 33,290 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Trimble by 0.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,376,309 shares of the scientific and technical instruments company’s stock valued at $254,832,000 after acquiring an additional 31,695 shares in the last quarter. Institutional investors own 90.19% of the company’s stock.

Analyst Ratings Changes

TRMB has been the topic of several recent analyst reports. Piper Sandler dropped their target price on shares of Trimble from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, November 3rd. Morgan Stanley dropped their target price on shares of Trimble from $67.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 3rd. JPMorgan Chase & Co. dropped their target price on shares of Trimble from $64.00 to $58.00 and set a “neutral” rating on the stock in a research report on Thursday, November 3rd. Oppenheimer dropped their target price on shares of Trimble from $86.00 to $72.00 in a research report on Thursday, November 3rd. Finally, StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Trimble has a consensus rating of “Hold” and a consensus price target of $68.83.

Trimble Trading Up 1.6 %

Shares of TRMB stock opened at $58.71 on Friday. The company has a 50 day moving average of $56.61 and a 200-day moving average of $61.46. The company has a quick ratio of 0.72, a current ratio of 0.99 and a debt-to-equity ratio of 0.32. Trimble Inc. has a 12-month low of $49.99 and a 12-month high of $89.30. The firm has a market cap of $14.48 billion, a P/E ratio of 30.90, a PEG ratio of 2.03 and a beta of 1.57.

Trimble Profile

(Get Rating)

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 route selection and design; 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.

Featured Articles

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.