Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) have earned an average rating of “Buy” from the fourteen brokerages that are currently covering the firm. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $28.00.

TRMB has been the subject of a number of research reports. JPMorgan Chase & Co. set a $29.00 target price on shares of Trimble Navigation and gave the company a “hold” rating in a research report on Wednesday, August 3rd. TheStreet raised shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. Dougherty & Co reissued a “buy” rating and set a $32.00 target price on shares of Trimble Navigation in a research report on Monday, September 12th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $32.00 target price on shares of Trimble Navigation in a research report on Tuesday, September 13th. Finally, Zacks Investment Research downgraded shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research report on Friday, October 28th.

Shares of Trimble Navigation (NASDAQ:TRMB) opened at 27.40 on Friday. Trimble Navigation has a 52-week low of $18.36 and a 52-week high of $29.79. The stock has a 50 day moving average of $28.04 and a 200-day moving average of $26.41. The firm has a market capitalization of $6.87 billion, a P/E ratio of 58.30 and a beta of 2.23.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ 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 earned $584.10 million during the quarter, compared to the consensus estimate of $600.09 million. During the same period in the prior year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts expect that Trimble Navigation will post $1.17 earnings per share for the current fiscal year.

In other Trimble Navigation news, VP James A. Kirkland sold 10,450 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $27.94, for a total value of $291,973.00. Following the sale, the vice president now directly owns 24,914 shares in the company, valued at approximately $696,097.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Darryl R. Matthews sold 1,683 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $26.64, for a total transaction of $44,835.12. Following the completion of the sale, the senior vice president now owns 2,475 shares in the company, valued at $65,934. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the company. Huntington National Bank boosted its stake in Trimble Navigation by 10.0% in the third quarter. Huntington National Bank now owns 4,399 shares of the company’s stock valued at $125,000 after buying an additional 399 shares during the period. Strs Ohio boosted its stake in Trimble Navigation by 59.2% in the second quarter. Strs Ohio now owns 6,841 shares of the company’s stock valued at $166,000 after buying an additional 2,544 shares during the period. Daiwa Securities Group Inc. boosted its stake in Trimble Navigation by 18.5% in the third quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the company’s stock valued at $183,000 after buying an additional 1,000 shares during the period. Eqis Capital Management Inc. bought a new stake in Trimble Navigation during the third quarter valued at $201,000. Finally, Cantab Capital Partners LLP boosted its stake in Trimble Navigation by 309.1% in the second quarter. Cantab Capital Partners LLP now owns 8,342 shares of the company’s stock valued at $203,000 after buying an additional 6,303 shares during the period. Institutional investors and hedge funds own 90.26% of the company’s stock.

Trimble Navigation Company Profile

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