Trimble Inc. (NASDAQ:TRMB) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,322 shares of the scientific and technical instruments company’s stock after acquiring an additional 149 shares during the period. SRS Capital Advisors Inc.’s holdings in Trimble were worth $93,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TRMB. TD Private Client Wealth LLC grew its position in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares during the period. Friedenthal Financial purchased a new stake in shares of Trimble during the 4th quarter worth approximately $49,000. Mather Group LLC. grew its holdings in shares of Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after acquiring an additional 343 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Trimble in the 3rd quarter valued at approximately $49,000. Finally, Parkside Financial Bank & Trust raised its holdings in Trimble by 137.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 844 shares of the scientific and technical instruments company’s stock worth $60,000 after purchasing an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

TRMB stock opened at $67.65 on Friday. The firm has a market cap of $16.63 billion, a P/E ratio of 11.11, a P/E/G ratio of 3.09 and a beta of 1.53. The stock’s 50 day simple moving average is $73.07 and its 200 day simple moving average is $67.39. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 in the last three months. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRMB. Piper Sandler reissued an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Sanford C. Bernstein increased their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Robert W. Baird lifted their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a report on Monday, December 16th. Finally, Oppenheimer raised their price objective on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trimble has an average rating of “Buy” and an average target price of $86.00.

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.