Trimble Inc. (NASDAQ:TRMB) Holdings Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,415 shares of the scientific and technical instruments company’s stock after selling 814 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Trimble were worth $6,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Trimble by 4.0% in the 3rd quarter. Creative Planning now owns 32,827 shares of the scientific and technical instruments company’s stock worth $2,038,000 after purchasing an additional 1,277 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Trimble by 93.9% in the 3rd quarter. Blue Trust Inc. now owns 1,239 shares of the scientific and technical instruments company’s stock worth $77,000 after purchasing an additional 600 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Trimble by 78.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 28,721 shares of the scientific and technical instruments company’s stock worth $1,783,000 after purchasing an additional 12,660 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Trimble by 5.8% in the 3rd 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 in the last quarter. Finally, Liberty Capital Management Inc. raised its holdings in shares of Trimble by 1.9% in the 3rd quarter. Liberty Capital Management Inc. now owns 24,425 shares of the scientific and technical instruments company’s stock worth $1,517,000 after purchasing an additional 454 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB opened at $75.14 on Wednesday. The company’s 50 day moving average price is $73.34 and its 200 day moving average price is $66.01. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a market capitalization of $18.47 billion, a PE ratio of 12.57, a PEG ratio of 3.14 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TRMB shares. Sanford C. Bernstein boosted their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Oppenheimer boosted their price target on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Robert W. Baird boosted their price target 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, Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $84.86.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

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.