Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stake in Trimble Inc. (NASDAQ:TRMB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,926 shares of the scientific and technical instruments company’s stock after selling 1,236 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Trimble were worth $3,669,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TRMB. Rialto Wealth Management LLC purchased a new stake in shares of Trimble during the fourth quarter valued at $35,000. SBI Securities Co. Ltd. bought a new position in Trimble during the 4th quarter worth about $36,000. TD Private Client Wealth LLC grew its holdings 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 acquiring an additional 520 shares in the last quarter. Larson Financial Group LLC grew its holdings in Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Friedenthal Financial bought a new position in Trimble during the 4th quarter worth about $49,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock valued at $831,683 in the last three months. 0.47% of the stock is owned by insiders.

Trimble Stock Performance

Shares of Trimble stock opened at $70.54 on Monday. The firm has a market capitalization of $17.34 billion, a P/E ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.57. 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 company has a 50 day moving average price of $72.52 and a 200 day moving average price of $68.53. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Sanford C. Bernstein increased 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. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Monday, December 16th. Robert W. Baird raised 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, Oppenheimer raised their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $86.00.

Trimble Company 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.