Trimble Navigation Ltd. (TRMB) Stock Rating Reaffirmed by Oppenheimer Holdings Inc.
Trimble Navigation Ltd. (NASDAQ:TRMB)‘s stock had its “outperform” rating reissued by analysts at Oppenheimer Holdings Inc. in a research note issued to investors on Thursday. They presently have a $32.00 target price on the stock. Oppenheimer Holdings Inc.’s price target suggests a potential upside of 13.39% from the stock’s previous close.
Several other analysts have also recently commented on the company. Wedbush lifted their price objective on Trimble Navigation from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, June 24th. 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. Dougherty & Co reissued a “buy” rating and set a $32.00 price objective on shares of Trimble Navigation in a research report on Monday, September 12th. TheStreet cut Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Finally, Zacks Investment Research cut Trimble Navigation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $27.83.
Shares of Trimble Navigation (NASDAQ:TRMB) traded down 1.081% during midday trading on Thursday, reaching $27.915. The company’s stock had a trading volume of 155,488 shares. The stock has a market capitalization of $6.96 billion, a P/E ratio of 60.685 and a beta of 2.20. Trimble Navigation has a 12 month low of $17.37 and a 12 month high of $28.99. The stock’s 50-day moving average is $27.56 and its 200 day moving average is $25.99.
Trimble Navigation (NASDAQ:TRMB) last issued its earnings results on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ 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 business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. On average, analysts expect that Trimble Navigation will post $1.18 earnings per share for the current fiscal year.
In other news, VP Jurgen Kliem sold 16,700 shares of Trimble Navigation stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $26.00, for a total value of $434,200.00. Following the transaction, the vice president now directly owns 21,693 shares in the company, valued at $564,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Darryl R. Matthews sold 5,714 shares of Trimble Navigation stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $27.39, for a total value of $156,506.46. Following the completion of the transaction, the senior vice president now owns 8,401 shares in the company, valued at $230,103.39. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of TRMB. Lodge Hill Capital LLC acquired a new position in Trimble Navigation during the second quarter worth approximately $27,770,000. American Century Companies Inc. purchased a new position in shares of Trimble Navigation during the second quarter valued at about $26,414,000. Columbus Circle Investors raised its position in shares of Trimble Navigation by 5,883.5% in the second quarter. Columbus Circle Investors now owns 1,063,268 shares of the company’s stock valued at $25,901,000 after buying an additional 1,045,498 shares in the last quarter. PGGM Investments raised its position in shares of Trimble Navigation by 286.1% in the second quarter. PGGM Investments now owns 1,202,695 shares of the company’s stock valued at $29,298,000 after buying an additional 891,177 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Trimble Navigation during the first quarter valued at about $19,583,000. Institutional investors and hedge funds own 90.16% of the company’s stock.
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.
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