Trimble Inc. (NASDAQ:TRMB) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in Trimble Inc. (NASDAQ:TRMB) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,037 shares of the scientific and technical instruments company’s stock after selling 290 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Trimble were worth $1,274,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new stake in Trimble in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in Trimble in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble in the 4th quarter valued at approximately $36,000. Larson Financial Group LLC increased its position in Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 422 shares during the period. Finally, Friedenthal Financial acquired a new stake in Trimble in the 4th quarter valued at approximately $49,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on TRMB. Oppenheimer lifted their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $86.00.

Insider Transactions at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

Trimble Stock Performance

TRMB opened at $61.71 on Monday. The firm has a market cap of $15.17 billion, a PE ratio of 10.13, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $65.32 and a 200-day simple moving average of $68.90. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78.

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.