Mn Services Vermogensbeheer B.V. raised its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 512.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,912 shares of the scientific and technical instruments company’s stock after buying an additional 34,229 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Trimble Navigation were worth $1,459,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Trimble Navigation by 6,646.3% in the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock worth $722,710,000 after buying an additional 22,242,969 shares during the period. Vanguard Group Inc. boosted its stake in Trimble Navigation by 4.5% in the first quarter. Vanguard Group Inc. now owns 20,464,940 shares of the scientific and technical instruments company’s stock worth $655,082,000 after buying an additional 879,694 shares during the period. Pictet Asset Management Ltd. boosted its stake in Trimble Navigation by 34.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,191,804 shares of the scientific and technical instruments company’s stock worth $102,169,000 after buying an additional 826,494 shares during the period. Russell Investments Group Ltd. boosted its stake in Trimble Navigation by 157.6% in the first quarter. Russell Investments Group Ltd. now owns 923,324 shares of the scientific and technical instruments company’s stock worth $29,555,000 after buying an additional 564,878 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Trimble Navigation by 1,733.8% in the first quarter. Victory Capital Management Inc. now owns 490,090 shares of the scientific and technical instruments company’s stock worth $15,687,000 after buying an additional 463,364 shares during the period. 89.72% of the stock is owned by institutional investors.
Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.27% during trading on Friday, reaching $37.31. The company had a trading volume of 784,562 shares. Trimble Navigation Ltd. has a 52-week low of $25.30 and a 52-week high of $39.45. The stock has a 50 day moving average of $37.20 and a 200 day moving average of $34.26. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 54.07 and a beta of 2.31.
Trimble Navigation (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.02. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The business had revenue of $661.90 million during the quarter, compared to the consensus estimate of $643.05 million. During the same period in the prior year, the business earned $0.29 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Trimble Navigation Ltd. will post $1.43 EPS for the current year.
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A number of analysts have recently commented on TRMB shares. Needham & Company LLC lifted their target price on Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research cut Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub cut Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $41.00 target price (up previously from $39.00) on shares of Trimble Navigation in a research report on Friday, August 4th. Finally, Craig Hallum lifted their target price on Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $40.57.
In other Trimble Navigation news, VP James Veneziano sold 9,426 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $35.73, for a total value of $336,790.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Merit E. Janow sold 33,334 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the completion of the sale, the director now owns 26,004 shares in the company, valued at approximately $981,911.04. The disclosure for this sale can be found here. Insiders sold 110,061 shares of company stock worth $4,032,293 in the last three months. 1.40% of the stock is currently owned by corporate insiders.
About Trimble Navigation
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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