Johanson Financial Advisors Inc. decreased its position in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 14.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,166 shares of the company’s stock after selling 30,000 shares during the period. Trimble Navigation makes up about 5.3% of Johanson Financial Advisors Inc.’s holdings, making the stock its 4th largest position. Johanson Financial Advisors Inc. owned approximately 0.07% of Trimble Navigation worth $4,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TRMB. Lodge Hill Capital LLC bought a new stake in Trimble Navigation during the second quarter valued at about $27,770,000. American Century Companies Inc. bought a new stake in Trimble Navigation during the second quarter valued at about $26,414,000. Columbus Circle Investors raised its stake in Trimble Navigation by 5,883.5% in the second quarter. Columbus Circle Investors now owns 1,063,268 shares of the company’s stock valued at $25,901,000 after buying an additional 1,045,498 shares during the last quarter. PGGM Investments raised its stake in Trimble Navigation by 286.1% in the second quarter. PGGM Investments now owns 1,202,695 shares of the company’s stock valued at $29,298,000 after buying an additional 891,177 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Trimble Navigation during the second quarter valued at about $18,398,000. 89.82% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Trimble Navigation (NASDAQ:TRMB)

Trimble Navigation Ltd. (NASDAQ:TRMB) traded down 0.32% on Tuesday, reaching $28.34. The company’s stock had a trading volume of 1,413,057 shares. Trimble Navigation Ltd. has a 52 week low of $18.36 and a 52 week high of $29.79. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 60.30 and a beta of 2.23. The company has a 50 day moving average of $27.96 and a 200 day moving average of $26.75.

Trimble Navigation (NASDAQ:TRMB) last issued its earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $584.10 million for the quarter, compared to analysts’ expectations of $600.09 million. Trimble Navigation had a return on equity of 11.06% and a net margin of 5.08%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. On average, analysts forecast that Trimble Navigation Ltd. will post $1.17 earnings per share for the current year.

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Several equities research analysts have recently issued reports on TRMB shares. JPMorgan Chase & Co. set a $29.00 price objective on Trimble Navigation and gave the company a “hold” rating in a research note on Wednesday, August 3rd. TheStreet raised Trimble Navigation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 3rd. Dougherty & Co reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Trimble Navigation in a research note on Monday, September 12th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Trimble Navigation in a research note on Tuesday, September 13th. Finally, Zacks Investment Research lowered Trimble Navigation from a “hold” rating to a “sell” rating in a research note on Friday, October 28th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $27.90.

In other news, CFO Robert G. Painter sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 14,323 shares in the company, valued at approximately $412,215.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Darryl R. Matthews sold 1,683 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $26.64, for a total value of $44,835.12. Following the transaction, 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. Insiders own 1.90% of the company’s stock.

Trimble Navigation Company Profile

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