Police & Firemen s Retirement System of New Jersey Has $2.78 Million Holdings in Trimble Inc. $TRMB

Police & Firemen s Retirement System of New Jersey grew its holdings in Trimble Inc. (NASDAQ:TRMB) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,594 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,202 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Trimble were worth $2,780,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Trimble by 4.4% during the second quarter. PNC Financial Services Group Inc. now owns 34,603 shares of the scientific and technical instruments company’s stock valued at $2,629,000 after purchasing an additional 1,470 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Trimble by 24.5% during the 2nd quarter. Forsta AP Fonden now owns 161,500 shares of the scientific and technical instruments company’s stock valued at $12,271,000 after acquiring an additional 31,800 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Trimble by 1.4% in the second quarter. TimesSquare Capital Management LLC now owns 758,055 shares of the scientific and technical instruments company’s stock worth $57,597,000 after acquiring an additional 10,170 shares during the last quarter. Boston Partners raised its holdings in shares of Trimble by 14.2% during the second quarter. Boston Partners now owns 4,161,427 shares of the scientific and technical instruments company’s stock worth $317,620,000 after acquiring an additional 516,462 shares in the last quarter. Finally, Generation Investment Management LLP boosted its position in Trimble by 19.1% during the second quarter. Generation Investment Management LLP now owns 9,019,663 shares of the scientific and technical instruments company’s stock valued at $685,314,000 after purchasing an additional 1,449,315 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRMB has been the topic of several research reports. Zacks Research raised Trimble from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Barclays initiated coverage on Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 price objective on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $93.00 target price (up from $85.00) on shares of Trimble in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $94.18.

Trimble Price Performance

NASDAQ TRMB opened at $75.42 on Wednesday. Trimble Inc. has a 1 year low of $52.91 and a 1 year high of $87.50. The company has a fifty day simple moving average of $79.72 and a 200 day simple moving average of $77.97. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The company has a market cap of $17.94 billion, a P/E ratio of 65.02, a P/E/G ratio of 3.26 and a beta of 1.66.

Trimble (NASDAQ:TRMB) last released its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a net margin of 8.02% and a return on equity of 10.24%. The firm had revenue of $856.50 million during the quarter. On average, sell-side analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Insiders Place Their Bets

In other news, VP Christopher F. Keating sold 7,365 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the sale, the vice president owned 406 shares in the company, valued at approximately $33,186.44. This trade represents a 94.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total transaction of $50,187.69. Following the transaction, the director owned 13,809 shares of the company’s stock, valued at approximately $1,137,999.69. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 24,692 shares of company stock worth $1,954,986. Corporate insiders own 0.54% of the company’s stock.

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.