NewEdge Advisors LLC Has $488,000 Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

NewEdge Advisors LLC grew its stake in Trimble Inc. (NASDAQ:TRMB) by 39.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,904 shares of the scientific and technical instruments company’s stock after buying an additional 1,957 shares during the period. NewEdge Advisors LLC’s holdings in Trimble were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMB. Crowley Wealth Management Inc. acquired a new stake in Trimble during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new stake in Trimble during the fourth quarter worth approximately $35,000. SBI Securities Co. Ltd. acquired a new stake in Trimble during the fourth quarter worth approximately $36,000. Larson Financial Group LLC grew its stake in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after purchasing an additional 422 shares during the period. Finally, Friedenthal Financial acquired a new stake in Trimble during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB stock opened at $61.45 on Tuesday. The firm has a 50-day moving average of $65.04 and a 200-day moving average of $68.89. The company has a market cap of $15.10 billion, a P/E ratio of 10.09, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

Wall Street Analyst Weigh In

TRMB has been the subject of several recent analyst reports. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Oppenheimer raised their price objective on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Finally, Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research note on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $86.00.

Insider Activity

In other news, Director James Calvin Dalton sold 2,141 shares of the 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 in the company, valued at $729,529.98. This 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 at this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate 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.