State of New Jersey Common Pension Fund D Has $7.16 Million Stake in Trimble Inc. (NASDAQ:TRMB)

State of New Jersey Common Pension Fund D reduced its position in Trimble Inc. (NASDAQ:TRMBFree Report) by 2.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 132,948 shares of the scientific and technical instruments company’s stock after selling 3,209 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Trimble were worth $7,161,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pathstone Family Office LLC grew its holdings in Trimble by 59.9% during the 3rd quarter. Pathstone Family Office LLC now owns 11,620 shares of the scientific and technical instruments company’s stock valued at $646,000 after buying an additional 4,353 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Trimble by 7.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,557 shares of the scientific and technical instruments company’s stock valued at $784,000 after buying an additional 977 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Trimble by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,307,120 shares of the scientific and technical instruments company’s stock valued at $70,401,000 after buying an additional 24,674 shares in the last quarter. Sepio Capital LP grew its holdings in Trimble by 16.7% during the 3rd quarter. Sepio Capital LP now owns 20,987 shares of the scientific and technical instruments company’s stock valued at $1,130,000 after buying an additional 3,009 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Trimble during the third quarter worth about $235,000. 90.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TRMB shares. The Goldman Sachs Group cut their price objective on Trimble from $66.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. JPMorgan Chase & Co. boosted their price objective on Trimble from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Piper Sandler boosted their target price on Trimble from $42.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.83.

Check Out Our Latest Research Report on TRMB

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 4,364 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $42.45, for a total transaction of $185,251.80. Following the completion of the transaction, the director now owns 18,447 shares in the company, valued at $783,075.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $51.05, for a total value of $127,625.00. Following the sale, the chief executive officer now directly owns 203,856 shares of the company’s stock, valued at $10,406,848.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kaigham Gabriel sold 4,364 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $42.45, for a total value of $185,251.80. Following the completion of the sale, the director now directly owns 18,447 shares in the company, valued at $783,075.15. The disclosure for this sale can be found here. Insiders sold a total of 11,128 shares of company stock worth $514,075 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Trimble Price Performance

Shares of Trimble stock opened at $52.51 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. The company has a market cap of $13.06 billion, a PE ratio of 39.19, a P/E/G ratio of 2.35 and a beta of 1.47. The business has a 50 day moving average of $50.95 and a 200 day moving average of $50.22. Trimble Inc. has a 52 week low of $39.57 and a 52 week high of $57.18.

About Trimble

(Free Report)

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 route selection and design; 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.

Further Reading

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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