Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,883 shares of the scientific and technical instruments company’s stock after acquiring an additional 613 shares during the period. Peapack Gladstone Financial Corp’s holdings in Trimble were worth $345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crowley Wealth Management Inc. acquired a new position in Trimble during the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in Trimble in the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Trimble during the 4th quarter worth $36,000. TD Private Client Wealth LLC boosted its position in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after purchasing an additional 422 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was 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 in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 in the last three months. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the topic of several research reports. Robert W. Baird raised their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. Sanford C. Bernstein boosted their target price on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $86.00.

Trimble Stock Up 11.6 %

NASDAQ TRMB opened at $61.49 on Thursday. The business has a 50 day moving average price of $69.02 and a two-hundred day moving average price of $69.04. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The stock has a market cap of $15.11 billion, a PE ratio of 10.10, a P/E/G ratio of 3.09 and a beta of 1.57.

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.