Teacher Retirement System of Texas acquired a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 73,564 shares of the scientific and technical instruments company's stock, valued at approximately $5,198,000.
Other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Trimble during the 4th quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble in the 4th quarter valued at about $36,000. TD Private Client Wealth LLC grew its stake in Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after buying an additional 520 shares during the last quarter. Larson Financial Group LLC increased its position in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after buying an additional 422 shares during the period. Finally, Friedenthal Financial purchased a new stake in Trimble in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 93.21% of the company's stock.
Insider Buying and Selling
In related news, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the 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 transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock worth $831,683 in the last ninety days. Insiders own 0.47% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on TRMB. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. Sanford C. Bernstein increased 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. StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Robert W. Baird lifted their target price on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Finally, Oppenheimer raised 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. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $86.00.
View Our Latest Analysis on Trimble
Trimble Price Performance
NASDAQ TRMB traded down $0.96 during trading hours on Thursday, reaching $67.98. The company's stock had a trading volume of 1,242,282 shares, compared to its average volume of 1,327,447. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The company's 50-day moving average is $72.46 and its two-hundred day moving average is $68.76. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock has a market cap of $16.71 billion, a PE ratio of 11.16, a PEG ratio of 3.09 and a beta of 1.57.
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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