Shell Asset Management Co. Raises Position in Trimble Navigation Ltd. (TRMB)

Shell Asset Management Co. boosted its holdings in Trimble Navigation Ltd. (NASDAQ:TRMB) by 173.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,115 shares of the scientific and technical instruments company’s stock after acquiring an additional 24,808 shares during the period. Shell Asset Management Co.’s holdings in Trimble Navigation were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Equity Partners LLC acquired a new stake in Trimble Navigation in the 2nd quarter valued at about $782,000. Great Lakes Advisors LLC acquired a new stake in shares of Trimble Navigation during the 2nd quarter worth about $2,254,000. Principal Financial Group Inc. boosted its stake in shares of Trimble Navigation by 26.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,307,351 shares of the scientific and technical instruments company’s stock worth $46,633,000 after purchasing an additional 269,710 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Trimble Navigation during the 1st quarter worth about $714,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Trimble Navigation by 9.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 24,944 shares of the scientific and technical instruments company’s stock worth $890,000 after purchasing an additional 2,136 shares during the last quarter. 89.99% of the stock is currently owned by hedge funds and other institutional investors.

In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of Trimble Navigation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the transaction, the director now owns 26,004 shares of the company’s stock, valued at approximately $981,911.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Darryl R. Matthews sold 3,714 shares of Trimble Navigation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $38.66, for a total value of $143,583.24. Following the transaction, the senior vice president now directly owns 2,000 shares in the company, valued at approximately $77,320. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 252,688 shares of company stock worth $9,616,521. Company insiders own 1.40% of the company’s stock.

Several research firms have issued reports on TRMB. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Trimble Navigation in a research note on Sunday. Oppenheimer Holdings, Inc. raised their price target on shares of Trimble Navigation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company raised their price target on shares of Trimble Navigation from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday. Piper Jaffray Companies set a $43.00 price target on shares of Trimble Navigation and gave the stock a “buy” rating in a research note on Sunday, October 1st. Finally, Robert W. Baird raised their price target on shares of Trimble Navigation from $40.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, September 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $41.40.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 40.76 on Tuesday. The company has a 50 day moving average of $40.35 and a 200 day moving average of $37.40. The firm has a market capitalization of $10.32 billion, a PE ratio of 59.07 and a beta of 2.30. Trimble Navigation Ltd. has a 52-week low of $25.30 and a 52-week high of $43.97.

Trimble Navigation (NASDAQ:TRMB) last released its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Trimble Navigation had a return on equity of 12.97% and a net margin of 7.66%. The company had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $660.11 million. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts anticipate that Trimble Navigation Ltd. will post $1.43 earnings per share for the current fiscal year.

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

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