Trimble Inc. (NASDAQ:TRMB) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its holdings in Trimble Inc. (NASDAQ:TRMB) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,600 shares of the scientific and technical instruments company’s stock after selling 300 shares during the period. New Mexico Educational Retirement Board’s holdings in Trimble were worth $820,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its holdings in shares of Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Trimble in the third quarter valued at approximately $49,000. Friedenthal Financial acquired a new position in shares of Trimble in the fourth quarter valued at approximately $49,000. Cromwell Holdings LLC grew its holdings in shares of Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Trimble by 86.4% in the fourth quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction 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 owns 3,157 shares in the company, valued at $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

TRMB has been the subject of a number of research reports. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Sanford C. Bernstein boosted their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Robert W. Baird boosted their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Piper Sandler reiterated an “overweight” rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $84.86.

Trimble Stock Up 0.9 %

Shares of NASDAQ:TRMB opened at $74.29 on Tuesday. The company has a market capitalization of $18.26 billion, a PE ratio of 12.42, a P/E/G ratio of 3.14 and a beta of 1.53. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The firm has a 50 day simple moving average of $73.32 and a 200-day simple moving average of $65.84.

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.