Trimble Navigation Ltd. (NASDAQ:TRMB) CEO Steven W. Berglund sold 158,479 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $28.00, for a total value of $4,437,412.00. Following the transaction, the chief executive officer now owns 230,558 shares of the company’s stock, valued at approximately $6,455,624. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 27.52 on Tuesday. The stock has a market cap of $6.90 billion, a P/E ratio of 58.55 and a beta of 2.23. Trimble Navigation Ltd. has a one year low of $18.36 and a one year high of $29.79. The stock’s 50 day moving average price is $28.01 and its 200-day moving average price is $26.59.

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

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

A number of analysts have recently commented on TRMB shares. TheStreet downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $32.00 price objective on shares of Trimble Navigation in a research note on Thursday, October 13th. Dougherty & Co reissued a “buy” rating and issued a $32.00 price objective on shares of Trimble Navigation in a research note on Monday, September 12th. Zacks Investment Research raised Trimble Navigation from a “sell” rating to a “hold” rating in a research note on Friday, November 4th. Finally, JPMorgan Chase & Co. set a $29.00 price objective on Trimble Navigation and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Six equities 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. Trimble Navigation has a consensus rating of “Buy” and a consensus price target of $27.90.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Trimble Navigation by 2.9% in the second quarter. Vanguard Group Inc. now owns 18,758,581 shares of the company’s stock worth $456,959,000 after buying an additional 524,734 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Trimble Navigation by 3.6% in the third quarter. BlackRock Fund Advisors now owns 9,218,284 shares of the company’s stock worth $263,274,000 after buying an additional 317,431 shares during the last quarter. State Street Corp raised its position in shares of Trimble Navigation by 1.0% in the second quarter. State Street Corp now owns 8,370,428 shares of the company’s stock worth $203,900,000 after buying an additional 80,092 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Trimble Navigation by 2.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,691,558 shares of the company’s stock worth $187,366,000 after buying an additional 174,325 shares during the last quarter. Finally, Waddell & Reed Financial Inc. raised its position in shares of Trimble Navigation by 21.0% in the second quarter. Waddell & Reed Financial Inc. now owns 4,194,469 shares of the company’s stock worth $102,178,000 after buying an additional 728,359 shares during the last quarter. Hedge funds and other institutional investors own 89.68% of the company’s stock.

About Trimble Navigation

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