Trimble Navigation Ltd. (NASDAQ:TRMB) Director Ronald S. Nersesian sold 55,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $40.13, for a total value of $2,207,150.00. Following the transaction, the director now owns 46,820 shares of the company’s stock, valued at approximately $1,878,886.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at $40.10 on Friday. The company has a market capitalization of $10,072.85, a PE ratio of 31.83, a P/E/G ratio of 2.79 and a beta of 2.34. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.22.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $660.11 million. During the same period last year, the company earned $0.33 EPS. Trimble Navigation’s quarterly revenue was up 14.7% compared to the same quarter last year. equities analysts anticipate that Trimble Navigation Ltd. will post 1.27 EPS for the current year.
Several equities analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Trimble Navigation in a report on Sunday, October 29th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Trimble Navigation in a report on Thursday, October 19th. Piper Jaffray Companies set a $43.00 price target on Trimble Navigation and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research upgraded Trimble Navigation from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a report on Monday, August 7th. Finally, Morgan Stanley raised their price target on Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $41.70.
Several hedge funds have recently modified their holdings of TRMB. Balyasny Asset Management LLC lifted its stake in shares of Trimble Navigation by 234.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,624,717 shares of the scientific and technical instruments company’s stock worth $57,954,000 after acquiring an additional 1,139,589 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Trimble Navigation by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock worth $760,302,000 after acquiring an additional 849,914 shares during the last quarter. Capital International Investors lifted its stake in shares of Trimble Navigation by 8.6% during the 2nd quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock worth $286,417,000 after acquiring an additional 639,190 shares during the last quarter. First Quadrant L P CA lifted its stake in shares of Trimble Navigation by 9,319.3% during the 3rd quarter. First Quadrant L P CA now owns 609,052 shares of the scientific and technical instruments company’s stock worth $23,905,000 after acquiring an additional 602,586 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Trimble Navigation by 405.7% during the 2nd 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 in the last quarter. 89.99% of the stock is owned by hedge funds and other institutional investors.
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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