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

M&T Bank Corp decreased its stake in Trimble Inc. (NASDAQ:TRMB) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,999 shares of the scientific and technical instruments company’s stock after selling 150 shares during the quarter. M&T Bank Corp’s holdings in Trimble were worth $621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Trimble by 34.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,702 shares of the scientific and technical instruments company’s stock worth $598,000 after purchasing an additional 2,760 shares in the last quarter. Blue Trust Inc. increased its holdings in Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 313 shares during the last quarter. Raymond James & Associates raised its position in Trimble by 27.9% during the second quarter. Raymond James & Associates now owns 164,488 shares of the scientific and technical instruments company’s stock worth $9,198,000 after acquiring an additional 35,841 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in Trimble in the second quarter valued at $369,000. Finally, Raymond James Trust N.A. grew its position in shares of Trimble by 16.4% in the 2nd quarter. Raymond James Trust N.A. now owns 4,301 shares of the scientific and technical instruments company’s stock valued at $241,000 after acquiring an additional 606 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

NASDAQ:TRMB opened at $72.89 on Wednesday. The stock has a 50 day simple moving average of $68.26 and a 200 day simple moving average of $60.41. The stock has a market cap of $17.80 billion, a P/E ratio of 12.19, a PEG ratio of 3.15 and a beta of 1.53. Trimble Inc. has a 1-year low of $48.60 and a 1-year high of $76.97. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Oppenheimer upped their price objective on Trimble from $77.00 to $88.00 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 target price for the company in a research note on Monday. Robert W. Baird raised their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein lifted 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $84.86.

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.