Parkside Financial Bank & Trust Buys 489 Shares of Trimble Inc. (NASDAQ:TRMB)

Parkside Financial Bank & Trust raised its stake in Trimble Inc. (NASDAQ:TRMB) by 137.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 844 shares of the scientific and technical instruments company’s stock after acquiring an additional 489 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Trimble were worth $60,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TRMB. SYM FINANCIAL Corp boosted its position in shares of Trimble by 4.4% in the fourth quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock valued at $290,000 after acquiring an additional 172 shares during the period. Apollon Wealth Management LLC boosted its holdings in Trimble by 5.5% in the 4th quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock valued at $253,000 after purchasing an additional 188 shares during the period. Empowered Funds LLC grew 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 worth $360,000 after purchasing an additional 193 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Trimble by 4.4% during the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after purchasing an additional 237 shares during the period. Finally, Westside Investment Management Inc. increased its holdings in shares of Trimble by 1.2% during the fourth quarter. Westside Investment Management Inc. now owns 20,552 shares of the scientific and technical instruments company’s stock worth $1,452,000 after purchasing an additional 247 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value 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 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 corporate insiders.

Trimble Stock Down 3.2 %

Shares of NASDAQ TRMB opened at $69.68 on Tuesday. The stock has a 50-day moving average price of $73.19 and a two-hundred day moving average price of $67.27. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 3.09 and a beta of 1.53.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRMB. Robert W. Baird increased their price target on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein increased their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday. Piper Sandler reiterated an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Finally, Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $86.00.

About Trimble

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.