Rempart Asset Management Inc. Has $1.22 Million Position in Trimble Inc. (NASDAQ:TRMB)

Rempart Asset Management Inc. trimmed its stake in Trimble Inc. (NASDAQ:TRMB) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,190 shares of the scientific and technical instruments company’s stock after selling 250 shares during the quarter. Rempart Asset Management Inc.’s holdings in Trimble were worth $1,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TD Private Client Wealth LLC boosted its holdings in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble during the 3rd quarter valued at $49,000. Cromwell Holdings LLC raised its holdings in Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 375 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Trimble in the second quarter valued at $48,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Trimble during the second quarter worth about $52,000. 93.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TRMB. Robert W. Baird lifted their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer upped their price target on Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein upped their price objective on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, Trimble has an average rating of “Buy” and a consensus target price of $84.86.

Trimble Stock Performance

NASDAQ:TRMB traded down $0.70 during trading hours on Wednesday, reaching $71.32. The stock had a trading volume of 110,722 shares, compared to its average volume of 1,175,269. The stock has a market cap of $17.42 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 3.15 and a beta of 1.52. The stock has a 50 day simple moving average of $71.16 and a 200 day simple moving average of $62.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. Trimble Inc. has a 12-month low of $48.60 and a 12-month high of $76.97.

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.