Banque Cantonale Vaudoise Sells 349 Shares of Trimble Inc. (NASDAQ:TRMB)

Banque Cantonale Vaudoise lowered its holdings in shares of Trimble Inc. (NASDAQ:TRMB – Get Rating) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,719 shares of the scientific and technical instruments company’s stock after selling 349 shares during the period. Banque Cantonale Vaudoise’s holdings in Trimble were worth $442,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ronald Blue Trust Inc. boosted its stake in Trimble by 320.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 546 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 416 shares in the last quarter. CI Investments Inc. boosted its stake in Trimble by 109.3% during the fourth quarter. CI Investments Inc. now owns 695 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 363 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in Trimble during the fourth quarter worth $36,000. Glassman Wealth Services boosted its stake in Trimble by 117.6% during the fourth quarter. Glassman Wealth Services now owns 892 shares of the scientific and technical instruments company’s stock worth $45,000 after buying an additional 482 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Trimble by 181.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the scientific and technical instruments company’s stock worth $52,000 after buying an additional 663 shares in the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.

Trimble Stock Down 0.3 %

Shares of NASDAQ TRMB opened at $46.40 on Friday. The firm’s 50-day simple moving average is $48.37 and its 200 day simple moving average is $52.49. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.69 and a beta of 1.56. The company has a quick ratio of 1.24, a current ratio of 1.51 and a debt-to-equity ratio of 0.42. Trimble Inc. has a 12-month low of $45.43 and a 12-month high of $72.24.

Insiders Place Their Bets

In other Trimble news, SVP Peter Large sold 950 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.11, for a total transaction of $48,554.50. Following the completion of the sale, the senior vice president now directly owns 154 shares of the company’s stock, valued at approximately $7,870.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trimble news, SVP Peter Large sold 950 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.11, for a total transaction of $48,554.50. Following the completion of the sale, the senior vice president now directly owns 154 shares of the company’s stock, valued at approximately $7,870.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Calvin Dalton sold 1,500 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $53.20, for a total value of $79,800.00. Following the completion of the sale, the director now directly owns 1,936 shares of the company’s stock, valued at $102,995.20. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of recent research reports. Edward Jones upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Wednesday, April 5th. 888 restated a “maintains” rating on shares of Trimble in a research note on Thursday, May 4th. StockNews.com began coverage on shares of Trimble in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Northcoast Research downgraded shares of Trimble from a “neutral” rating to a “sell” rating and set a $40.00 target price on the stock. in a research note on Tuesday, March 7th. Finally, Robert W. Baird reduced their target price on shares of Trimble from $63.00 to $59.00 in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Trimble presently has an average rating of “Hold” and an average price target of $59.00.

Trimble Profile

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Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.