M&T Bank Corp Has $621,000 Stock Position in Trimble Inc. (NASDAQ:TRMB)

M&T Bank Corp cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,999 shares of the scientific and technical instruments company’s stock after selling 150 shares during the period. M&T Bank Corp’s holdings in Trimble were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in Trimble by 1,387.6% during the second quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock worth $215,176,000 after buying an additional 3,589,249 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Trimble by 2,035.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company’s stock valued at $63,635,000 after acquiring an additional 1,093,275 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Trimble by 49.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after acquiring an additional 676,954 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after purchasing an additional 434,065 shares during the period. Finally, Sora Investors LLC bought a new stake in Trimble in the third quarter valued at approximately $22,663,000. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the topic of a number of recent analyst reports. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird raised their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein boosted their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday. Finally, JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $84.86.

Trimble Stock Performance

Shares of Trimble stock opened at $72.89 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. The stock’s 50-day moving average is $68.26 and its 200-day moving average is $60.41. Trimble Inc. has a one year low of $48.60 and a one year high of $76.97.

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.