AGF Management Ltd. Acquires 74,321 Shares of Trimble Inc. (NASDAQ:TRMB)

AGF Management Ltd. increased its holdings in Trimble Inc. (NASDAQ:TRMB) by 768.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 83,990 shares of the scientific and technical instruments company’s stock after buying an additional 74,321 shares during the quarter. AGF Management Ltd.’s holdings in Trimble were worth $5,935,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. grew its stake in shares of Trimble by 0.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after purchasing an additional 141 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Trimble by 0.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company’s stock valued at $2,017,000 after purchasing an additional 141 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Trimble by 12.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company’s stock valued at $93,000 after purchasing an additional 149 shares during the last quarter. M&T Bank Corp increased its position in shares of Trimble by 1.6% during the 4th quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company’s stock valued at $717,000 after purchasing an additional 156 shares during the last quarter. Finally, SYM FINANCIAL Corp increased its position in shares of Trimble by 4.4% during the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after purchasing an additional 172 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Trading Up 1.3 %

Shares of NASDAQ:TRMB opened at $67.36 on Thursday. The stock has a 50 day moving average of $72.71 and a 200 day moving average of $67.78. The company has a market cap of $16.56 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. Robert W. Baird upped their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $86.00.

Insiders Place Their Bets

In other news, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock worth $831,683 in the last three months. 0.47% of the stock is owned by company insiders.

About Trimble

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.