Police & Firemen s Retirement System of New Jersey Purchases 1,202 Shares of Trimble Inc. $TRMB

Police & Firemen s Retirement System of New Jersey increased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 3.4% during the second quarter, HoldingsChannel.com reports. The firm owned 36,594 shares of the scientific and technical instruments company’s stock after buying an additional 1,202 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Trimble were worth $2,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. Catalyst Capital Advisors LLC acquired a new position in shares of Trimble in the 2nd quarter valued at $34,000. Ameritas Advisory Services LLC bought a new stake in Trimble in the second quarter valued at about $48,000. Flaharty Asset Management LLC acquired a new position in Trimble in the first quarter worth about $45,000. Steph & Co. raised its position in Trimble by 592.0% in the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 592 shares in the last quarter. Finally, State of Wyoming bought a new position in Trimble during the first quarter worth about $58,000. 93.21% of the stock is owned by institutional investors.

Trimble Price Performance

Trimble stock opened at $75.42 on Wednesday. The business’s fifty day moving average is $79.72 and its two-hundred day moving average is $77.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market cap of $17.94 billion, a P/E ratio of 65.02, a P/E/G ratio of 3.26 and a beta of 1.66. Trimble Inc. has a 52 week low of $52.91 and a 52 week high of $87.50.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $856.50 million during the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. Equities research analysts forecast that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Activity at Trimble

In other Trimble news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $81.00, for a total transaction of $139,158.00. Following the transaction, the director owned 15,170 shares of the company’s stock, valued at approximately $1,228,770. This represents a 10.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $79.50, for a total value of $596,250.00. Following the completion of the transaction, the chief executive officer owned 84,879 shares in the company, valued at $6,747,880.50. The trade was a 8.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,692 shares of company stock valued at $1,954,986 over the last ninety days. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TRMB shares. Wells Fargo & Company initiated coverage on Trimble in a research note on Thursday, November 13th. They issued an “overweight” rating and a $94.00 price objective on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $93.00 price target (up from $85.00) on shares of Trimble in a research report on Thursday, August 7th. Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Berenberg Bank set a $95.00 target price on shares of Trimble and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Barclays started coverage on shares of Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Trimble presently has a consensus rating of “Buy” and a consensus price target of $94.18.

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.