California State Teachers Retirement System decreased its position in shares of Trimble Inc (NASDAQ:TRMB) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 417,708 shares of the scientific and technical instruments company’s stock after selling 2,791 shares during the period. California State Teachers Retirement System’s holdings in Trimble were worth $16,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of TRMB. Cerebellum GP LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $125,000. Advisory Services Network LLC grew its stake in shares of Trimble by 3,428.1% during the 4th quarter. Advisory Services Network LLC now owns 3,140 shares of the scientific and technical instruments company’s stock worth $128,000 after purchasing an additional 3,051 shares during the period. Delpha Capital Management LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $134,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Trimble during the 3rd quarter worth approximately $137,000. Finally, Armor Investment Advisors LLC acquired a new stake in shares of Trimble during the 4th quarter worth approximately $203,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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Shares of TRMB stock opened at $37.51 on Wednesday. Trimble Inc has a one year low of $30.45 and a one year high of $45.70. The stock has a market cap of $9,518.53, a price-to-earnings ratio of 79.81, a P/E/G ratio of 2.27 and a beta of 2.41. The company has a quick ratio of 1.29, a current ratio of 1.63 and a debt-to-equity ratio of 0.33.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Thursday, February 8th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Trimble had a net margin of 4.56% and a return on equity of 13.37%. The firm had revenue of $708.40 million for the quarter, compared to analysts’ expectations of $674.84 million. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. equities analysts expect that Trimble Inc will post 1.51 earnings per share for the current fiscal year.

TRMB has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Trimble from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, December 26th. TheStreet cut shares of Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. BidaskClub cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Oppenheimer reissued a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Trimble presently has a consensus rating of “Hold” and a consensus price target of $42.10.

In other Trimble news, Director Mark S. Peek sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $39.80, for a total value of $398,000.00. Following the transaction, the director now owns 35,000 shares in the company, valued at approximately $1,393,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $39.25, for a total value of $7,850,000.00. The disclosure for this sale can be found here. Insiders sold a total of 471,946 shares of company stock worth $18,558,140 in the last 90 days. 1.40% of the stock is currently owned by insiders.

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About Trimble

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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