Trimble Navigation Ltd. (NASDAQ:TRMB) has been given a consensus rating of “Buy” by the fifteen ratings firms that are covering the firm. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $28.11.

A number of analysts have recently weighed in on TRMB shares. JPMorgan Chase & Co. cut Trimble Navigation from an “overweight” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Tuesday, June 28th. TheStreet cut Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $32.00 price objective on shares of Trimble Navigation in a research report on Tuesday, September 13th. Dougherty & Co reissued a “buy” rating and issued a $32.00 price objective on shares of Trimble Navigation in a research report on Monday, September 12th. Finally, Raymond James Financial Inc. started coverage on Trimble Navigation in a research report on Monday, June 13th. They issued an “outperform” rating and a $30.00 price objective for the company.

In related news, VP Chris Gibson sold 130,000 shares of Trimble Navigation stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $27.86, for a total value of $3,621,800.00. Following the completion of the transaction, the vice president now owns 109,941 shares in the company, valued at approximately $3,062,956.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steven W. Berglund sold 36,000 shares of Trimble Navigation stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $27.43, for a total value of $987,480.00. Following the completion of the transaction, the chief executive officer now owns 78,183 shares of the company’s stock, valued at approximately $2,144,559.69. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. raised its position in shares of Trimble Navigation by 42.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,269,488 shares of the company’s stock valued at $56,284,000 after buying an additional 673,004 shares in the last quarter. Primecap Management Co. CA raised its position in shares of Trimble Navigation by 1.8% in the first quarter. Primecap Management Co. CA now owns 13,319,816 shares of the company’s stock valued at $330,331,000 after buying an additional 230,400 shares in the last quarter. UBS Group AG raised its position in shares of Trimble Navigation by 3.6% in the first quarter. UBS Group AG now owns 127,830 shares of the company’s stock valued at $3,170,000 after buying an additional 4,401 shares in the last quarter. Credit Agricole S A raised its position in shares of Trimble Navigation by 5.5% in the first quarter. Credit Agricole S A now owns 49,523 shares of the company’s stock valued at $1,228,000 after buying an additional 2,565 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Trimble Navigation by 8.2% in the first quarter. M&T Bank Corp now owns 35,626 shares of the company’s stock valued at $883,000 after buying an additional 2,706 shares in the last quarter. Hedge funds and other institutional investors own 90.16% of the company’s stock.

Shares of Trimble Navigation (NASDAQ:TRMB) opened at 28.47 on Friday. Trimble Navigation has a 12 month low of $17.06 and a 12 month high of $28.89. The firm has a 50-day moving average price of $27.51 and a 200-day moving average price of $25.91. The stock has a market cap of $7.09 billion, a PE ratio of 61.89 and a beta of 2.20.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. The business earned $609.60 million during the quarter, compared to analyst estimates of $611.79 million. Trimble Navigation had a return on equity of 11.00% and a net margin of 5.04%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. Equities analysts forecast that Trimble Navigation will post $1.18 EPS for the current year.

Trimble Navigation Company Profile

Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers to transform work processes. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. Its products include equipment that automates large industrial equipment, such as tractors and bulldozers; integrated systems that track fleets of vehicles and workers and provide information and analytics to the back-office; data collection systems that enable the management of geo-referenced information; software solutions that connect all aspects of a construction site or a farm, and building information modeling (BIM) software that is used throughout the design, build and operation of buildings.

5 Day Chart for NASDAQ:TRMB

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