DekaBank Deutsche Girozentrale increased its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 85.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,209 shares of the scientific and technical instruments company’s stock after buying an additional 50,406 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Trimble Navigation were worth $3,941,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of TRMB. Twin Tree Management LP bought a new stake in shares of Trimble Navigation during the first quarter valued at about $124,000. Acadian Asset Management LLC bought a new stake in shares of Trimble Navigation during the second quarter valued at about $134,000. Huntington National Bank increased its stake in shares of Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock valued at $146,000 after buying an additional 82 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Trimble Navigation by 34.8% in the first quarter. IFP Advisors Inc now owns 4,760 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 1,228 shares in the last quarter. Finally, FNY Partners Fund LP increased its stake in shares of Trimble Navigation by 71.4% in the first quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock valued at $153,000 after buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 89.72% of the company’s stock.
Trimble Navigation Ltd. (NASDAQ TRMB) opened at 37.21 on Friday. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 53.93 and a beta of 2.31. The company has a 50-day moving average price of $37.16 and a 200 day moving average price of $34.21. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.45.
Trimble Navigation (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The business had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. Equities analysts anticipate that Trimble Navigation Ltd. will post $1.43 earnings per share for the current year.
Several brokerages have recently issued reports on TRMB. Zacks Investment Research downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Morgan Stanley upped their price objective on Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $39.00 price objective (up from $38.00) on shares of Trimble Navigation in a research report on Tuesday, June 13th. Piper Jaffray Companies restated a “buy” rating and issued a $39.00 price objective on shares of Trimble Navigation in a research report on Wednesday, July 12th. Finally, BidaskClub downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $40.57.
In other news, VP Julie A. Shepard sold 18,546 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $36.00, for a total value of $667,656.00. Following the completion of the sale, the vice president now owns 11,128 shares of the company’s stock, valued at $400,608. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James Veneziano sold 9,426 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $35.73, for a total value of $336,790.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,061 shares of company stock valued at $4,032,293. 1.40% of the stock is currently owned by insiders.
Trimble Navigation Company Profile
Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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