Illinois Municipal Retirement Fund lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 43.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,222 shares of the scientific and technical instruments company's stock after purchasing an additional 6,699 shares during the period. Illinois Municipal Retirement Fund's holdings in Trimble were worth $1,570,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in TRMB. TD Private Client Wealth LLC grew its stake 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 worth $37,000 after acquiring an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Trimble during the 3rd quarter worth $49,000. Friedenthal Financial purchased a new stake in Trimble during the 4th quarter worth about $49,000. Mather Group LLC. raised its position in Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company's stock valued at $52,000 after purchasing an additional 343 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Trimble in the 3rd quarter valued at about $76,000. 93.21% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on TRMB. StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday. Robert W. Baird raised their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a 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 target price for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and raised their price target for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Sanford C. Bernstein upped their price objective on Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Trimble currently has a consensus rating of "Buy" and an average price target of $86.00.
Read Our Latest Research Report on TRMB
Trimble Stock Performance
Shares of TRMB traded up $1.04 during midday trading on Wednesday, reaching $69.49. 2,160,333 shares of the stock were exchanged, compared to its average volume of 1,292,193. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 3.09 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The business's 50-day moving average price is $73.12 and its 200 day moving average price is $67.37.
Insider Buying and Selling at Trimble
In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction 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 $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the 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. Over the last quarter, insiders sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by insiders.
About Trimble
(
Free Report)
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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