Teacher Retirement System of Texas Takes $5.20 Million Position in Trimble Inc. (NASDAQ:TRMB)

Teacher Retirement System of Texas bought a new stake in Trimble Inc. (NASDAQ:TRMB) in the 4th quarter, Holdings Channel reports. The fund bought 73,564 shares of the scientific and technical instruments company’s stock, valued at approximately $5,198,000.

Several other institutional investors and hedge funds have also made changes to their positions in TRMB. Royal London Asset Management Ltd. lifted its holdings in Trimble by 1.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 101,868 shares of the scientific and technical instruments company’s stock worth $7,198,000 after buying an additional 1,456 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Trimble during the fourth quarter worth about $113,000. Vinva Investment Management Ltd lifted its stake in shares of Trimble by 80.4% in the fourth quarter. Vinva Investment Management Ltd now owns 9,665 shares of the scientific and technical instruments company’s stock worth $681,000 after acquiring an additional 4,307 shares in the last quarter. Xponance Inc. boosted its holdings in Trimble by 1.9% in the fourth quarter. Xponance Inc. now owns 36,070 shares of the scientific and technical instruments company’s stock valued at $2,549,000 after purchasing an additional 670 shares during the last quarter. Finally, Boston Partners increased its holdings in Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock worth $239,802,000 after purchasing an additional 2,312,937 shares during the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction 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. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the firm’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 transaction 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. The trade was a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 over the last three months. Company insiders own 0.47% of the company’s stock.

Trimble Stock Down 0.2 %

Shares of Trimble stock opened at $70.54 on Monday. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The business’s 50 day simple moving average is $72.52 and its 200-day simple moving average is $68.53.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TRMB shares. Piper Sandler reiterated an “overweight” rating and set a $84.00 target price on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research raised 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. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, Oppenheimer upped their price objective on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $86.00.

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.