Louisiana State Employees Retirement System Sells 600 Shares of Trimble Inc. (NASDAQ:TRMB)

Louisiana State Employees Retirement System trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,100 shares of the scientific and technical instruments company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Trimble were worth $926,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TRMB. KBC Group NV boosted its position in Trimble by 81.9% in the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock valued at $11,279,000 after buying an additional 71,891 shares in the last quarter. Principal Financial Group Inc. boosted its position in Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after buying an additional 60,752 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Trimble by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after buying an additional 136,452 shares in the last quarter. Benjamin Edwards Inc. boosted its position in Trimble by 76.5% in the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock valued at $2,496,000 after buying an additional 17,424 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its position in Trimble by 768.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares in the last quarter. 93.21% of the stock is owned by institutional investors.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of Trimble 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 directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by company insiders.

Trimble Price Performance

TRMB stock opened at $74.29 on Tuesday. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 3.14 and a beta of 1.53. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The company’s fifty day simple moving average is $73.32 and its 200 day simple moving average is $65.84.

Analysts Set New Price Targets

TRMB has been the topic of a number of research analyst reports. Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research 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. Oppenheimer lifted their price target on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Robert W. Baird lifted 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, Sanford C. Bernstein lifted 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Trimble presently has a consensus rating of “Buy” and an average target price of $84.86.

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.