World Asset Management Inc increased its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,954 shares of the scientific and technical instruments company’s stock after buying an additional 552 shares during the period. World Asset Management Inc’s holdings in Trimble Navigation were worth $640,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama boosted its position in Trimble Navigation by 0.4% in the first quarter. Retirement Systems of Alabama now owns 485,700 shares of the scientific and technical instruments company’s stock worth $15,547,000 after buying an additional 2,110 shares during the last quarter. Huntington National Bank boosted its position in Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 82 shares during the last quarter. Oakbrook Investments LLC boosted its position in Trimble Navigation by 4.5% in the first quarter. Oakbrook Investments LLC now owns 22,150 shares of the scientific and technical instruments company’s stock worth $709,000 after buying an additional 950 shares during the last quarter. Wendell David Associates Inc. boosted its position in Trimble Navigation by 7.4% in the first quarter. Wendell David Associates Inc. now owns 14,560 shares of the scientific and technical instruments company’s stock worth $466,000 after buying an additional 1,000 shares during the last quarter. Finally, Johanson Financial Advisors Inc. bought a new position in Trimble Navigation during the first quarter worth $4,948,000. 89.72% of the stock is owned by hedge funds and other institutional investors.

Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.27% during midday trading on Friday, reaching $37.31. 784,562 shares of the company’s stock were exchanged. Trimble Navigation Ltd. has a 52 week low of $25.30 and a 52 week high of $39.45. The stock’s 50 day moving average is $37.20 and its 200 day moving average is $34.26. The firm has a market capitalization of $9.45 billion, a P/E ratio of 54.07 and a beta of 2.31.

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

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A number of equities analysts recently weighed in on the stock. Dougherty & Co increased their price objective on shares of Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $37.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $41.00 price objective (up previously from $39.00) on shares of Trimble Navigation in a research report on Friday, August 4th. Zacks Investment Research cut shares of Trimble Navigation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Craig Hallum reaffirmed a “hold” rating and set a $36.00 price objective (up previously from $30.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Trimble Navigation has an average rating of “Buy” and a consensus price target of $40.57.

In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the completion of the sale, the director now directly owns 26,004 shares in the company, valued at $981,911.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP James Veneziano sold 9,426 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was 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. Over the last quarter, insiders have sold 110,061 shares of company stock valued at $4,032,293. 1.40% of the stock is owned by insiders.

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.

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

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