Trimble Navigation Ltd. (NASDAQ:TRMB) CFO Robert G. Painter sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $28.78, for a total transaction of $143,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,323 shares of the company’s stock, valued at approximately $412,215.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 27.95 on Friday. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of 59.47 and a beta of 2.23. The stock’s 50 day moving average is $28.06 and its 200-day moving average is $26.49. Trimble Navigation Ltd. has a 1-year low of $18.36 and a 1-year high of $29.79.

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

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

Several analysts have recently issued reports on the stock. 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 issued 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 issued a $32.00 target price on shares of Trimble Navigation in a research report on Tuesday, September 13th. Finally, Zacks Investment Research cut shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research report on Friday, October 28th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.90.

Several large investors have recently made changes to their positions in the stock. Credit Suisse AG boosted its stake in shares of Trimble Navigation by 4.1% in the third quarter. Credit Suisse AG now owns 1,345,912 shares of the company’s stock valued at $38,439,000 after buying an additional 52,599 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Trimble Navigation by 89.1% in the third quarter. Ameritas Investment Partners Inc. now owns 75,089 shares of the company’s stock valued at $2,145,000 after buying an additional 35,390 shares during the last quarter. DF Dent & Co. Inc. boosted its stake in shares of Trimble Navigation by 4.4% in the third quarter. DF Dent & Co. Inc. now owns 3,050,395 shares of the company’s stock valued at $87,119,000 after buying an additional 129,796 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Trimble Navigation during the third quarter valued at approximately $455,000. Finally, Jane Street Group LLC purchased a new stake in shares of Trimble Navigation during the third quarter valued at approximately $831,000. 90.42% of the stock is owned by institutional investors and hedge funds.

Trimble Navigation Company Profile

5 Day Chart for NASDAQ:TRMB

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