Trillium Asset Management LLC boosted its stake in Trimble Navigation Ltd. (NASDAQ:TRMB) by 7.3% during the second quarter, Holdings Channel reports. The firm owned 38,707 shares of the scientific and technical instruments company’s stock after buying an additional 2,632 shares during the period. Trillium Asset Management LLC’s holdings in Trimble Navigation were worth $1,381,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Treasurer State of Michigan raised its position in shares of Trimble Navigation by 1.6% in the first quarter. State Treasurer State of Michigan now owns 102,500 shares of the scientific and technical instruments company’s stock worth $3,281,000 after buying an additional 1,600 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Trimble Navigation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 1,260,381 shares of the scientific and technical instruments company’s stock worth $40,337,000 after buying an additional 85,816 shares during the last quarter. Johanson Financial Advisors Inc. bought a new position in shares of Trimble Navigation during the first quarter worth about $4,948,000. AXA raised its position in shares of Trimble Navigation by 34.5% in the first quarter. AXA now owns 800,111 shares of the scientific and technical instruments company’s stock worth $25,612,000 after buying an additional 205,120 shares during the last quarter. Finally, Columbus Circle Investors raised its position in shares of Trimble Navigation by 3.6% in the first quarter. Columbus Circle Investors now owns 843,228 shares of the scientific and technical instruments company’s stock worth $26,992,000 after buying an additional 29,096 shares during the last quarter. Hedge funds and other institutional investors own 89.72% of the company’s stock.

Trimble Navigation Ltd. (TRMB) opened at 36.93 on Wednesday. The firm’s 50-day moving average is $37.09 and its 200-day moving average is $34.16. Trimble Navigation Ltd. has a 52 week low of $25.30 and a 52 week high of $39.45. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 53.52 and a beta of 2.31.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.02. The company had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $643.05 million. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, equities analysts anticipate that Trimble Navigation Ltd. will post $1.43 earnings per share for the current year.

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TRMB has been the topic of a number of recent analyst reports. Dougherty & Co upped their price target on shares of Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Needham & Company LLC restated a “buy” rating and set a $42.00 price target (up previously from $37.00) on shares of Trimble Navigation in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $41.00 price target (up previously from $39.00) on shares of Trimble Navigation in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Trimble Navigation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Craig Hallum restated a “hold” rating and set a $36.00 price target (up previously from $30.00) on shares of Trimble Navigation in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.00.

In other news, VP James A. Kirkland sold 10,000 shares of Trimble Navigation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.60, for a total value of $376,000.00. Following the transaction, the vice president now directly owns 31,781 shares of the company’s stock, valued at approximately $1,194,965.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James Veneziano sold 9,426 shares of Trimble Navigation stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $35.73, for a total transaction of $336,790.98. The disclosure for this sale can be found here. Insiders have sold a total of 110,061 shares of company stock valued at $4,032,293 in the last 90 days. Insiders own 1.40% of the company’s stock.

Trimble Navigation Company Profile

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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

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