Trimble Navigation Ltd. (NASDAQ:TRMB) CEO Steven W. Berglund sold 208,056 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $27.51, for a total transaction of $5,723,620.56. Following the completion of the sale, the chief executive officer now owns 334,614 shares in the company, valued at approximately $9,205,231.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 2.80% during mid-day trading on Wednesday, hitting $28.29. 1,950,960 shares of the stock were exchanged. The company has a 50-day moving average price of $27.99 and a 200-day moving average price of $26.64. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 60.19 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 posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.33 EPS 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 firm 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 company earned $0.30 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Equities analysts expect 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)

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank increased its position 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 in the last quarter. 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 valued at $183,000 after buying an additional 1,000 shares in 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 valued at $166,000 after buying an additional 2,544 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in Trimble Navigation during the third quarter valued at approximately $201,000. Finally, D.A. Davidson & CO. increased its position in Trimble Navigation by 1.5% in the third quarter. D.A. Davidson & CO. now owns 7,516 shares of the company’s stock valued at $214,000 after buying an additional 108 shares in the last quarter. 89.68% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on TRMB shares. JPMorgan Chase & Co. set a $29.00 price target on shares of Trimble Navigation and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. TheStreet upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. Dougherty & Co restated a “buy” rating and issued a $32.00 price target on shares of Trimble Navigation in a research report on Monday, September 12th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $32.00 price target 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Trimble Navigation currently has an average rating of “Buy” and an average target price of $27.90.

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