Trimble Inc. (NASDAQ:TRMB) Shares Acquired by SYM FINANCIAL Corp

SYM FINANCIAL Corp increased its stake in Trimble Inc. (NASDAQ:TRMB) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,099 shares of the scientific and technical instruments company’s stock after purchasing an additional 172 shares during the period. SYM FINANCIAL Corp’s holdings in Trimble were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its stake in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble in the 3rd quarter valued at about $49,000. Friedenthal Financial bought a new stake in Trimble in the 4th quarter valued at about $49,000. Cromwell Holdings LLC boosted its stake in Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares during the period. Finally, Sentry Investment Management LLC bought a new position in Trimble in the 3rd quarter worth about $76,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

Shares of Trimble stock opened at $74.96 on Monday. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The stock has a market cap of $18.42 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 3.10 and a beta of 1.52. The company’s 50-day moving average price is $73.19 and its two-hundred day moving average price is $64.38. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Robert W. Baird raised their price target on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Finally, Oppenheimer raised their target price on shares of Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Trimble has a consensus rating of “Buy” and an average target price of $84.86.

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.