State of Tennessee Department of Treasury Sells 4,075 Shares of Trimble Inc. (NASDAQ:TRMB)

State of Tennessee Department of Treasury reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,923 shares of the scientific and technical instruments company's stock after selling 4,075 shares during the quarter. State of Tennessee Department of Treasury's holdings in Trimble were worth $6,495,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TRMB. Vanguard Group Inc. grew its position in Trimble by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock worth $2,099,064,000 after acquiring an additional 183,150 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Trimble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock valued at $425,427,000 after purchasing an additional 138,136 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Trimble by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock worth $400,312,000 after purchasing an additional 222,679 shares during the last quarter. Boston Partners increased its stake in shares of Trimble by 217.3% in the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock worth $239,802,000 after buying an additional 2,312,937 shares during the period. Finally, Norges Bank bought a new stake in Trimble during the 4th quarter valued at $190,391,000. Hedge funds and other institutional investors own 93.21% of the company's stock.

Trimble Stock Up 0.1 %

Shares of TRMB stock traded up $0.06 during midday trading on Friday, reaching $61.71. 844,042 shares of the stock were exchanged, compared to its average volume of 1,401,590. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The firm has a market cap of $15.17 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company's 50 day moving average is $65.32 and its two-hundred day moving average is $68.90. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insider Buying and Selling

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the firm'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 completion of the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction 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. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TRMB shares. Oppenheimer boosted their price objective 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. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Finally, StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $86.00.

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.