By otakuyassine3@gmail.com 
New York State Teachers Retirement System decreased its position in Trimble Inc. (NASDAQ:TRMB – Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,402 shares of the scientific and technical instruments company’s stock after selling 3,788 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Trimble worth $13,454,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of TRMB. TD Private Client Wealth LLC increased its position in shares of 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 valued at $37,000 after acquiring an additional 520 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Trimble in the third quarter valued at about $49,000. Friedenthal Financial purchased a new position in shares of Trimble in the fourth quarter valued at about $49,000. Cromwell Holdings LLC increased its position in shares of Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 375 shares during the period. Finally, Mather Group LLC. increased its position in shares of Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after acquiring an additional 343 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.
Analysts Set New Price Targets
TRMB has been the topic of a number of analyst reports. Piper Sandler restated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a research report on Wednesday, December 11th. Robert W. Baird boosted 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. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Monday, December 16th. Oppenheimer boosted their price target on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $84.86.
View Our Latest Stock Analysis on Trimble
Insider Buying and Selling
In other news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by insiders.
Trimble Trading Up 0.9 %
NASDAQ:TRMB opened at $74.29 on Tuesday. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. 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 company’s 50-day simple moving average is $73.32 and its 200 day simple moving average is $65.84. The firm has a market capitalization of $18.26 billion, a P/E ratio of 12.42, a PEG ratio of 3.14 and a beta of 1.53.
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.
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