Dimensional Fund Advisors LP Purchases 158,402 Shares of Trimble Inc. (NASDAQ:TRMB)

Dimensional Fund Advisors LP increased its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,326,940 shares of the scientific and technical instruments company's stock after buying an additional 158,402 shares during the period. Dimensional Fund Advisors LP owned about 0.95% of Trimble worth $164,422,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TRMB. Vanguard Group Inc. increased its position in Trimble by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after purchasing an additional 183,150 shares during the period. Geode Capital Management LLC increased its position in shares of Trimble by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after buying an additional 138,136 shares during the period. Victory Capital Management Inc. raised its stake in Trimble by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock worth $400,312,000 after buying an additional 222,679 shares during the last quarter. Boston Partners lifted its holdings in Trimble by 217.3% in the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock valued at $239,802,000 after buying an additional 2,312,937 shares during the period. Finally, Norges Bank bought a new stake in Trimble during the fourth quarter valued at $190,391,000. 93.21% of the stock is owned by institutional investors.

Trimble Stock Up 0.1 %

Shares of NASDAQ TRMB traded up $0.06 during mid-day trading on Tuesday, reaching $61.51. 216,275 shares of the company's stock traded hands, compared to its average volume of 1,397,524. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The business has a 50-day simple moving average of $65.04 and a 200 day simple moving average of $68.89. The stock has a market cap of $15.12 billion, a P/E ratio of 10.07, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Insider Activity at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on TRMB. StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Oppenheimer lifted their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Finally, Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a report on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price 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.