Trimble Inc. (NASDAQ:TRMB) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 0.08% of Trimble worth $13,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SYM FINANCIAL Corp boosted its position in Trimble by 4.4% in the fourth quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company's stock valued at $290,000 after buying an additional 172 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in Trimble by 5.5% during the 4th quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company's stock valued at $253,000 after acquiring an additional 188 shares during the period. Farrow Financial Inc. boosted its holdings in shares of Trimble by 0.5% in the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company's stock valued at $2,425,000 after acquiring an additional 192 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Trimble by 3.4% in the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company's stock worth $360,000 after acquiring an additional 193 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company's stock worth $247,000 after purchasing an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Piper Sandler restated an "overweight" rating and issued a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. StockNews.com raised shares of Trimble from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, Wolfe Research raised shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Trimble has a consensus rating of "Buy" and an average price target of $86.00.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares of the company's stock, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by company insiders.

Trimble Price Performance

Shares of TRMB stock traded down $1.74 on Friday, reaching $71.47. 1,852,430 shares of the company were exchanged, compared to its average volume of 1,347,057. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 3.17 and a beta of 1.53. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The business has a 50-day moving average price of $73.30 and a 200 day moving average price of $66.28. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

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.