SYM FINANCIAL Corp Has $300,000 Stock Position in Trimble Inc. $TRMB

SYM FINANCIAL Corp lowered its position in shares of Trimble Inc. (NASDAQ:TRMB) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,952 shares of the scientific and technical instruments company’s stock after selling 260 shares during the quarter. SYM FINANCIAL Corp’s holdings in Trimble were worth $300,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in Trimble during the second quarter valued at $34,000. Flaharty Asset Management LLC bought a new stake in Trimble during the first quarter valued at $45,000. Ameritas Advisory Services LLC bought a new stake in Trimble during the second quarter valued at $48,000. Steph & Co. boosted its position in Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 592 shares during the last quarter. Finally, State of Wyoming bought a new stake in Trimble during the first quarter valued at $58,000. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of TRMB stock opened at $81.12 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.81. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The stock’s 50-day moving average is $80.32 and its two-hundred day moving average is $75.73. The firm has a market cap of $19.30 billion, a P/E ratio of 69.93, a PEG ratio of 3.34 and a beta of 1.65.

Trimble (NASDAQ:TRMB) last issued its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The company had revenue of $856.50 million for the quarter. Analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TRMB has been the topic of several research reports. Barclays initiated coverage on shares of Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price objective on the stock. Oppenheimer upped their price objective on shares of Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Berenberg Bank set a $95.00 price objective on shares of Trimble and gave the company a “buy” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $92.10.

Insider Activity

In other news, Director James Calvin Dalton sold 609 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $82.41, for a total transaction of $50,187.69. Following the transaction, the director owned 13,809 shares of the company’s stock, valued at approximately $1,137,999.69. This represents a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher F. Keating sold 7,365 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $81.74, for a total value of $602,015.10. Following the transaction, the vice president directly owned 406 shares in the company, valued at approximately $33,186.44. This represents a 94.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 224,321 shares of company stock valued at $18,677,518. Insiders own 0.54% of the company’s stock.

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.