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

Bank of Montreal Can lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 46.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 337,307 shares of the scientific and technical instruments company’s stock after purchasing an additional 107,645 shares during the period. Bank of Montreal Can’s holdings in Trimble were worth $20,795,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Trimble by 18.4% in the 3rd quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after purchasing an additional 60,752 shares in the last quarter. Swedbank AB acquired a new position in shares of Trimble during the 1st quarter worth about $17,937,000. Janus Henderson Group PLC increased its holdings in shares of Trimble by 26.6% in the 1st quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company’s stock valued at $3,845,000 after acquiring an additional 12,555 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Trimble during the 2nd quarter worth about $1,752,000. Finally, Raymond James & Associates lifted its stake in Trimble by 27.9% during the second quarter. Raymond James & Associates now owns 164,488 shares of the scientific and technical instruments company’s stock worth $9,198,000 after purchasing an additional 35,841 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Stock Up 0.7 %

Trimble stock opened at $72.97 on Friday. The stock has a 50 day moving average of $64.77 and a two-hundred day moving average of $58.79. Trimble Inc. has a twelve month low of $45.61 and a twelve month high of $74.22. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 3.10 and a beta of 1.49. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

TRMB has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Piper Sandler raised their price target on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Oppenheimer reissued an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.40.

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.