Trimble Navigation Ltd. (NASDAQ:TRMB) SVP Darryl R. Matthews sold 1,683 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $26.64, for a total transaction of $44,835.12. Following the completion of the transaction, the senior vice president now owns 2,475 shares in the company, valued at $65,934. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 27.14 on Friday. The stock has a 50 day moving average of $28.05 and a 200-day moving average of $26.40. The stock has a market cap of $6.78 billion, a PE ratio of 57.74 and a beta of 2.23. Trimble Navigation Ltd. has a 52 week low of $18.36 and a 52 week high of $29.79.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. Trimble Navigation had a net margin of 5.08% and a return on equity of 11.03%. The business had revenue of $584.10 million for the quarter, compared to the consensus estimate of $600.09 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that Trimble Navigation Ltd. will post $1.17 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Trimble Navigation (NASDAQ:TRMB)

Institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Trimble Navigation by 8.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 29,120 shares of the company’s stock valued at $832,000 after buying an additional 2,300 shares in the last quarter. Morgan Stanley increased its position in shares of Trimble Navigation by 50.5% in the third quarter. Morgan Stanley now owns 581,605 shares of the company’s stock valued at $16,610,000 after buying an additional 195,235 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Trimble Navigation by 26.5% in the third quarter. Pacer Advisors Inc. now owns 23,423 shares of the company’s stock valued at $669,000 after buying an additional 4,908 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Trimble Navigation by 390.9% in the third quarter. Riverhead Capital Management LLC now owns 10,800 shares of the company’s stock valued at $309,000 after buying an additional 8,600 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Trimble Navigation by 4.1% in the third quarter. Principal Financial Group Inc. now owns 1,000,225 shares of the company’s stock valued at $28,567,000 after buying an additional 38,942 shares in the last quarter. 90.26% of the stock is currently owned by institutional investors and hedge funds.

TRMB has been the topic of a number of recent research reports. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $32.00 price target on shares of Trimble Navigation in a research note on Thursday, October 13th. Zacks Investment Research cut shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research note on Friday, October 28th. JPMorgan Chase & Co. set a $29.00 target price on shares of Trimble Navigation and gave the stock a “hold” rating in a report on Wednesday, August 3rd. TheStreet lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Finally, Dougherty & Co decreased their target price on shares of Trimble Navigation from $32.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, November 4th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $27.90.

Trimble Navigation Company Profile

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