Trimble Inc. (NASDAQ:TRMB) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund cut its position in shares of Trimble Inc. (NASDAQ:TRMB) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,230 shares of the scientific and technical instruments company’s stock after selling 647 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Trimble were worth $449,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of Trimble by 3.4% during the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock valued at $360,000 after purchasing an additional 193 shares during the period. Empirical Finance LLC increased its position in shares of Trimble by 3.9% during the 3rd quarter. Empirical Finance LLC now owns 6,777 shares of the scientific and technical instruments company’s stock valued at $421,000 after purchasing an additional 257 shares during the period. CIBC Asset Management Inc increased its position in shares of Trimble by 8.2% during the 3rd quarter. CIBC Asset Management Inc now owns 35,711 shares of the scientific and technical instruments company’s stock valued at $2,217,000 after purchasing an additional 2,705 shares during the period. ING Groep NV increased its position in shares of Trimble by 272.8% during the 3rd quarter. ING Groep NV now owns 32,661 shares of the scientific and technical instruments company’s stock valued at $2,028,000 after purchasing an additional 23,900 shares during the period. Finally, Metis Global Partners LLC increased its position in shares of Trimble by 7.5% during the 3rd quarter. Metis Global Partners LLC now owns 20,814 shares of the scientific and technical instruments company’s stock valued at $1,292,000 after purchasing an additional 1,451 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

Shares of TRMB stock opened at $69.67 on Wednesday. Trimble Inc. has a 1-year low of $42.85 and a 1-year high of $74.22. 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 company has a market capitalization of $17.01 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 3.02 and a beta of 1.49. The stock’s fifty day simple moving average is $62.72 and its 200-day simple moving average is $58.06.

Wall Street Analysts Forecast Growth

TRMB has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Sunday. Oppenheimer restated an “outperform” rating and issued a $72.00 target price on shares of Trimble in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.40.

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.