Teachers Retirement System of The State of Kentucky Has $1.14 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 7.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,327 shares of the scientific and technical instruments company’s stock after selling 1,468 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Trimble were worth $1,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Trimble by 18.4% in the 3rd quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock worth $24,296,000 after buying an additional 60,752 shares in the last quarter. Magnetar Financial LLC acquired a new position in Trimble during the second quarter worth $1,752,000. Raymond James & Associates lifted its holdings in shares of Trimble by 27.9% during the second quarter. Raymond James & Associates now owns 164,488 shares of the scientific and technical instruments company’s stock valued at $9,198,000 after acquiring an additional 35,841 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Trimble by 76.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock valued at $2,496,000 after purchasing an additional 17,424 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its position in shares of Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock worth $9,295,000 after purchasing an additional 132,467 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Down 3.0 %

Shares of NASDAQ TRMB opened at $70.69 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $17.26 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. The firm’s 50-day moving average is $68.43 and its 200-day moving average is $60.48. Trimble Inc. has a 1 year low of $48.60 and a 1 year high of $76.97.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TRMB shares. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein increased their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average 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.