Dimensional Fund Advisors LP Grows Stock Position in Trimble Inc. (NASDAQ:TRMB)

Dimensional Fund Advisors LP lifted its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,326,940 shares of the scientific and technical instruments company's stock after purchasing an additional 158,402 shares during the quarter. Dimensional Fund Advisors LP owned about 0.95% of Trimble worth $164,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in Trimble by 39.8% in the fourth quarter. First Trust Advisors LP now owns 70,107 shares of the scientific and technical instruments company's stock valued at $4,954,000 after purchasing an additional 19,976 shares during the last quarter. Forum Financial Management LP lifted its holdings in shares of Trimble by 33.6% in the 4th quarter. Forum Financial Management LP now owns 5,050 shares of the scientific and technical instruments company's stock valued at $357,000 after buying an additional 1,271 shares during the period. Commerce Bank boosted its stake in shares of Trimble by 9.1% in the fourth quarter. Commerce Bank now owns 12,201 shares of the scientific and technical instruments company's stock worth $862,000 after buying an additional 1,019 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Trimble by 7.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 214,583 shares of the scientific and technical instruments company's stock worth $15,152,000 after acquiring an additional 15,396 shares during the period. Finally, Marshall Wace LLP purchased a new position in Trimble during the fourth quarter valued at approximately $24,532,000. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Price Performance

Shares of NASDAQ:TRMB traded up $0.06 during midday trading on Friday, reaching $61.71. 844,042 shares of the company's stock traded hands, compared to its average volume of 1,401,590. The company has a market cap of $15.17 billion, a P/E ratio of 10.13, a PEG ratio of 3.09 and a beta of 1.57. The company has a fifty day simple moving average of $65.32 and a two-hundred day simple moving average of $68.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78.

Analysts Set New Price Targets

Several research firms have commented on TRMB. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Finally, Oppenheimer raised 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. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Trimble currently has a consensus rating of "Buy" and an average target price of $86.00.

Insider Transactions at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

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.