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

Parkside Financial Bank & Trust increased its holdings in Trimble Inc. (NASDAQ:TRMB) by 137.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 844 shares of the scientific and technical instruments company’s stock after purchasing an additional 489 shares during the period. Parkside Financial Bank & Trust’s holdings in Trimble were worth $60,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its position in Trimble by 81.9% during the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock valued at $11,279,000 after purchasing an additional 71,891 shares during the period. Principal Financial Group Inc. increased its position in shares of Trimble by 18.4% during the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock worth $24,296,000 after buying an additional 60,752 shares during the period. JPMorgan Chase & Co. raised its stake in Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock worth $46,594,000 after buying an additional 136,452 shares during the last quarter. Benjamin Edwards Inc. raised its stake in Trimble by 76.5% during the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock worth $2,496,000 after buying an additional 17,424 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Trimble by 768.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Performance

NASDAQ TRMB opened at $69.68 on Tuesday. The company has a market cap of $17.13 billion, a P/E ratio of 11.44, a PEG ratio of 3.09 and a beta of 1.53. The company has a fifty day simple moving average of $73.19 and a 200 day simple moving average of $67.27. 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.

Analyst Ratings Changes

TRMB has been the subject of a number of recent analyst reports. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday. Sanford C. Bernstein lifted 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. Piper Sandler reissued an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. 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 report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $86.00.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the sale, the director now owns 10,162 shares of the company’s stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock worth $831,683 over the last three months. 0.47% of the stock is currently owned by insiders.

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.