Bank of Montreal Can Trims Position in Trimble Inc. $TRMB

Bank of Montreal Can trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 26.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 111,615 shares of the scientific and technical instruments company’s stock after selling 39,975 shares during the period. Bank of Montreal Can’s holdings in Trimble were worth $8,481,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC increased its position in shares of Trimble by 30.1% during the 1st quarter. OneDigital Investment Advisors LLC now owns 4,077 shares of the scientific and technical instruments company’s stock valued at $268,000 after purchasing an additional 943 shares during the last quarter. CX Institutional boosted its stake in Trimble by 11.7% in the second quarter. CX Institutional now owns 7,054 shares of the scientific and technical instruments company’s stock worth $536,000 after buying an additional 739 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Trimble during the second quarter valued at approximately $208,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Trimble by 57.7% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 20,927 shares of the scientific and technical instruments company’s stock valued at $1,590,000 after acquiring an additional 7,660 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in shares of Trimble during the first quarter worth approximately $332,000. 93.21% of the stock is currently owned by institutional investors.

Insider Activity at Trimble

In other Trimble news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $75.65, for a total transaction of $567,375.00. Following the sale, the chief executive officer directly owned 92,379 shares in the company, valued at approximately $6,988,471.35. This trade represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 7,365 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the transaction, the vice president directly owned 406 shares in the company, valued at approximately $33,186.44. The trade was a 94.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 15,474 shares of company stock valued at $1,219,578. 0.54% of the stock is owned by corporate insiders.

Trimble Trading Up 0.1%

NASDAQ:TRMB opened at $78.90 on Monday. The firm has a market capitalization of $18.77 billion, a P/E ratio of 68.02, a PEG ratio of 3.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a one year low of $52.91 and a one year high of $87.50. The company’s 50-day simple moving average is $79.98 and its 200 day simple moving average is $77.19.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $856.50 million during the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. As a group, analysts forecast that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Oppenheimer reaffirmed an “outperform” rating and set a $102.00 price objective on shares of Trimble in a research note on Thursday. Raymond James Financial reissued an “outperform” rating and issued a $93.00 target price (up previously from $85.00) on shares of Trimble in a research note on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a research report on Wednesday, October 8th. Finally, Berenberg Bank set a $95.00 price target on Trimble and gave the stock a “buy” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $94.20.

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.