Trimble Inc. (NASDAQ:TRMB) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,782 shares of the scientific and technical instruments company’s stock after selling 231 shares during the quarter. Kentucky Retirement Systems’ holdings in Trimble were worth $1,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in shares of Trimble by 41.4% in the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after buying an additional 1,594,732 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of Trimble in the 4th quarter valued at $50,041,000. Charles Schwab Investment Management Inc. raised its stake in Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after acquiring an additional 676,954 shares during the last quarter. Impax Asset Management Group plc lifted its position in Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after acquiring an additional 434,065 shares during the period. Finally, Sora Investors LLC purchased a new stake in Trimble during the 3rd quarter valued at about $22,663,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Price Performance

Shares of Trimble stock opened at $71.47 on Monday. The firm has a market cap of $17.57 billion, a PE ratio of 11.74, a P/E/G ratio of 3.09 and a beta of 1.53. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $73.30 and a 200 day moving average price of $66.49.

Analyst Ratings Changes

Several research analysts have recently issued reports on TRMB shares. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Monday, December 16th. Robert W. Baird raised their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a report on Thursday. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, StockNews.com raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a report on Thursday. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Trimble currently has a consensus rating of “Buy” and a consensus target price of $86.00.

Insider Buying and Selling at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

Trimble 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.