State of Tennessee Department of Treasury Sells 4,075 Shares of Trimble Inc. (NASDAQ:TRMB)

State of Tennessee Department of Treasury reduced its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,923 shares of the scientific and technical instruments company's stock after selling 4,075 shares during the period. State of Tennessee Department of Treasury's holdings in Trimble were worth $6,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Crowley Wealth Management Inc. acquired a new position in shares of Trimble in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new position in Trimble in the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. bought a new position in shares of Trimble in the fourth quarter valued at $36,000. Larson Financial Group LLC increased its holdings in shares of Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 422 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Trimble during the 4th quarter valued at $49,000. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Down 1.1 %

Shares of TRMB traded down $0.65 during trading hours on Wednesday, reaching $61.30. The company's stock had a trading volume of 291,864 shares, compared to its average volume of 1,398,716. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a 50 day moving average of $64.81 and a two-hundred day moving average of $68.84. Trimble Inc. has a 1-year low of $48.65 and a 1-year high of $77.78.

Insider Buying and Selling at Trimble

In related 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 transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $411,048.00. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of recent analyst reports. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a report on Thursday, February 20th. Finally, Oppenheimer upped 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. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus 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.