State of Alaska Department of Revenue Has $1.97 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

State of Alaska Department of Revenue cut its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,845 shares of the scientific and technical instruments company’s stock after selling 4,727 shares during the period. State of Alaska Department of Revenue’s holdings in Trimble were worth $1,967,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its stake 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 worth $37,000 after purchasing an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Trimble in the 3rd quarter valued at about $49,000. Friedenthal Financial acquired a new stake in shares of Trimble in the fourth quarter valued at about $49,000. Cromwell Holdings LLC raised its position in shares of Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 375 shares during the last quarter. Finally, Mather Group LLC. lifted its stake 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 worth $52,000 after acquiring an additional 343 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday, December 16th. Robert W. Baird lifted their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer upped their price target on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Piper Sandler restated an “overweight” rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $84.86.

Trimble Stock Performance

NASDAQ TRMB opened at $73.83 on Wednesday. The company’s 50 day simple moving average is $73.41 and its two-hundred day simple moving average is $65.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The stock has a market capitalization of $18.15 billion, a PE ratio of 12.35, a P/E/G ratio of 3.14 and a beta of 1.53.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was 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 in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

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.