Wilkins Investment Counsel Inc. Has $6.39 Million Holdings in Trimble Navigation Ltd. (TRMB)
Wilkins Investment Counsel Inc. reduced its position in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 179,175 shares of the scientific and technical instruments company’s stock after selling 2,950 shares during the quarter. Trimble Navigation accounts for about 2.0% of Wilkins Investment Counsel Inc.’s investment portfolio, making the stock its 27th biggest holding. Wilkins Investment Counsel Inc. owned 0.07% of Trimble Navigation worth $6,391,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Trimble Navigation by 7.3% during the 1st quarter. Ameriprise Financial Inc. now owns 1,260,381 shares of the scientific and technical instruments company’s stock valued at $40,337,000 after purchasing an additional 85,816 shares in the last quarter. Gotham Asset Management LLC bought a new stake in Trimble Navigation during the 1st quarter valued at about $714,000. AXA increased its stake in Trimble Navigation by 34.5% during the 1st quarter. AXA now owns 800,111 shares of the scientific and technical instruments company’s stock valued at $25,612,000 after purchasing an additional 205,120 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Trimble Navigation by 2.2% during the 1st quarter. JPMorgan Chase & Co. now owns 276,586 shares of the scientific and technical instruments company’s stock valued at $8,855,000 after purchasing an additional 5,886 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in Trimble Navigation by 15.6% during the 2nd quarter. LS Investment Advisors LLC now owns 24,761 shares of the scientific and technical instruments company’s stock valued at $883,000 after purchasing an additional 3,340 shares in the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.
In related news, Director Merit E. Janow sold 33,334 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.76, for a total value of $1,258,691.84. Following the completion of the transaction, the director now directly owns 26,004 shares of the company’s stock, valued at approximately $981,911.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James A. Kirkland sold 10,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $37.60, for a total transaction of $376,000.00. Following the completion of the transaction, the vice president now directly owns 31,781 shares of the company’s stock, valued at $1,194,965.60. The disclosure for this sale can be found here. Insiders sold a total of 248,974 shares of company stock valued at $9,472,938 over the last ninety days. 1.40% of the stock is currently owned by insiders.
Shares of Trimble Navigation Ltd. (NASDAQ TRMB) traded down 0.0093% during mid-day trading on Friday, hitting $38.9064. 319,854 shares of the stock were exchanged. The stock has a 50-day moving average price of $37.78 and a 200 day moving average price of $35.01. 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 $9.85 billion, a price-to-earnings ratio of 56.3861 and a beta of 2.28.
Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The company had revenue of $661.90 million during the quarter, compared to analysts’ expectations of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. On average, equities research analysts expect that Trimble Navigation Ltd. will post $1.43 earnings per share for the current year.
A number of research firms have weighed in on TRMB. Craig Hallum restated a “hold” rating and set a $36.00 price objective (up from $30.00) on shares of Trimble Navigation in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies set a $43.00 price objective on shares of Trimble Navigation and gave the company a “buy” rating in a research note on Friday, August 25th. Morgan Stanley raised their price objective on shares of Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research upgraded shares of Trimble Navigation from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research note on Monday, August 7th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.75.
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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