James A. Kirkland Sells 5,430 Shares of Trimble Navigation Ltd. (TRMB) Stock
Trimble Navigation Ltd. (NASDAQ:TRMB) VP James A. Kirkland sold 5,430 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $28.04, for a total value of $152,257.20. Following the sale, the vice president now owns 20,316 shares in the company, valued at approximately $569,660.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 28.01 on Thursday. The company has a 50-day moving average price of $28.07 and a 200-day moving average price of $26.48. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 59.60 and a beta of 2.23. Trimble Navigation Ltd. has a 12 month low of $18.36 and a 12 month high of $29.79.
Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Trimble Navigation had a return on equity of 11.03% and a net margin of 5.08%. The firm had revenue of $584.10 million for the quarter, compared to analyst estimates of $600.09 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Analysts forecast that Trimble Navigation Ltd. will post $1.17 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in TRMB. Huntington National Bank raised its stake in shares of 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 last quarter. Strs Ohio increased its position in Trimble Navigation by 59.2% in the second quarter. Strs Ohio now owns 6,841 shares of the company’s stock worth $166,000 after buying an additional 2,544 shares during the period. Daiwa Securities Group Inc. increased its position in Trimble Navigation by 18.5% in the third quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the company’s stock worth $183,000 after buying an additional 1,000 shares during the period. Eqis Capital Management Inc. purchased a new position in Trimble Navigation during the third quarter worth $201,000. Finally, Cantab Capital Partners LLP increased its position in Trimble Navigation by 309.1% in the second quarter. Cantab Capital Partners LLP now owns 8,342 shares of the company’s stock worth $203,000 after buying an additional 6,303 shares during the period. Institutional investors own 90.42% of the company’s stock.
Several research firms have weighed in on TRMB. TheStreet cut Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. JPMorgan Chase & Co. set a $29.00 target price on Trimble Navigation and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Dougherty & Co decreased their target price on Trimble Navigation from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $32.00 target price on shares of Trimble Navigation in a research report on Thursday, October 13th. Finally, Zacks Investment Research raised Trimble Navigation from a “sell” rating to a “hold” rating in a research report on Friday, November 4th. Six 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’s stock. The stock has a consensus rating of “Buy” and an average target price of $27.90.
Trimble Navigation Company Profile
Receive News & Stock Ratings for Trimble Navigation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble Navigation Ltd. and related stocks with our FREE daily email newsletter.