DF Dent & Co. Inc. Sells 354,062 Shares of Trimble Navigation Ltd. (TRMB)

DF Dent & Co. Inc. lessened its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 12.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,498,834 shares of the scientific and technical instruments company’s stock after selling 354,062 shares during the period. Trimble Navigation accounts for about 2.4% of DF Dent & Co. Inc.’s investment portfolio, making the stock its 20th biggest holding. DF Dent & Co. Inc. owned approximately 0.99% of Trimble Navigation worth $89,133,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TRMB. BlackRock Inc. grew its holdings in Trimble Navigation by 6,646.3% during the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock valued at $722,710,000 after purchasing an additional 22,242,969 shares during the period. Balyasny Asset Management LLC grew its holdings in Trimble Navigation by 234.9% during the second quarter. Balyasny Asset Management LLC now owns 1,624,717 shares of the scientific and technical instruments company’s stock valued at $57,954,000 after purchasing an additional 1,139,589 shares during the period. Vanguard Group Inc. grew its holdings in Trimble Navigation by 4.5% during the first quarter. Vanguard Group Inc. now owns 20,464,940 shares of the scientific and technical instruments company’s stock valued at $655,082,000 after purchasing an additional 879,694 shares during the period. Capital International Investors grew its holdings in Trimble Navigation by 8.6% during the second quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock valued at $286,417,000 after purchasing an additional 639,190 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Trimble Navigation by 405.7% during the second quarter. Renaissance Technologies LLC now owns 633,844 shares of the scientific and technical instruments company’s stock valued at $22,609,000 after purchasing an additional 508,500 shares during the period. 89.85% of the stock is owned by institutional investors and hedge funds.

In related news, VP Chris Gibson sold 76,715 shares of Trimble Navigation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $38.02, for a total value of $2,916,704.30. Following the sale, the vice president now directly owns 38,419 shares in the company, valued at approximately $1,460,690.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP James A. Kirkland sold 10,000 shares of Trimble Navigation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $37.60, for a total value of $376,000.00. Following the completion of the sale, the vice president now owns 31,781 shares in the company, valued at $1,194,965.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 252,688 shares of company stock worth $9,616,521. 1.40% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on the company. Piper Jaffray Companies set a $43.00 price objective on Trimble Navigation and gave the stock a “buy” rating in a research note on Friday, August 25th. BidaskClub lowered Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Trimble Navigation in a research note on Friday, August 4th. Zacks Investment Research lowered Trimble Navigation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Craig Hallum reaffirmed a “hold” rating and issued a $36.00 price objective (up previously from $30.00) on shares of Trimble Navigation in a research note on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Trimble Navigation currently has an average rating of “Buy” and a consensus price target of $41.11.

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Trimble Navigation Ltd. (TRMB) traded down 0.07% during trading on Tuesday, hitting $40.56. The stock had a trading volume of 157,977 shares. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 58.78 and a beta of 2.30. Trimble Navigation Ltd. has a 52-week low of $25.30 and a 52-week high of $40.87. The firm’s 50-day moving average price is $39.24 and its 200-day moving average price is $36.35.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts predict that Trimble Navigation Ltd. will post $1.43 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Trimble Navigation (NASDAQ:TRMB)

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