Trimble Inc. (NASDAQ:TRMB) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,017 shares of the scientific and technical instruments company's stock after selling 12,393 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Trimble worth $28,336,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRMB. Crowley Wealth Management Inc. purchased a new position in shares of Trimble during the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in shares of Trimble during the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new position in shares of Trimble during the 4th quarter valued at approximately $36,000. Larson Financial Group LLC increased its holdings in shares of 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 valued at $48,000 after purchasing an additional 422 shares in the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Trimble in the 4th quarter valued at $51,000. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trimble

In other Trimble news, Director Kaigham Gabriel sold 6,511 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total value of $466,773.59. Following the transaction, the director now owns 17,939 shares of the company's stock, valued at $1,286,046.91. This represents a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is currently owned by corporate insiders.

Trimble Trading Down 0.9%

Shares of TRMB traded down $0.66 during mid-day trading on Friday, reaching $71.00. The stock had a trading volume of 2,798,392 shares, compared to its average volume of 1,402,390. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The business's fifty day moving average is $64.48 and its 200 day moving average is $69.63. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 3.09 and a beta of 1.67.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Trimble had a net margin of 40.84% and a return on equity of 10.56%. The firm had revenue of $840.60 million during the quarter, compared to analyst estimates of $810.45 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Trimble's quarterly revenue was down 11.8% on a year-over-year basis. On average, sell-side analysts predict that Trimble Inc. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Cfra raised 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. JPMorgan Chase & Co. boosted their price target on shares of Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Piper Sandler reissued an "overweight" rating and issued a $84.00 price target on shares of Trimble in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $88.43.

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.