Trimble Navigation Ltd. (NASDAQ:TRMB)‘s stock had its “buy” rating restated by investment analysts at Oppenheimer Holdings, Inc. in a report issued on Thursday.

Several other analysts also recently issued reports on the company. Piper Jaffray Companies restated a “buy” rating and set a $39.00 price objective on shares of Trimble Navigation in a report on Wednesday, July 12th. Zacks Investment Research downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Robert W. Baird boosted their price objective on Trimble Navigation from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, September 22nd. Needham & Company LLC restated a “buy” rating and set a $42.00 price objective (up previously from $37.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Finally, Dougherty & Co lifted their target price on Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.11.

Trimble Navigation (NASDAQ:TRMB) traded down 0.63% during midday trading on Thursday, hitting $40.77. 210,320 shares of the company’s stock traded hands. The company has a market capitalization of $10.32 billion, a PE ratio of 59.09 and a beta of 2.30. Trimble Navigation has a 52 week low of $25.30 and a 52 week high of $40.89. The company has a 50 day moving average of $39.81 and a 200-day moving average of $36.78.

Trimble Navigation (NASDAQ:TRMB) last posted 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 Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The company had revenue of $661.90 million for the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. Trimble Navigation’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. Equities research analysts predict that Trimble Navigation will post $1.43 earnings per share for the current year.

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In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of Trimble Navigation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the transaction, the director now owns 26,004 shares of the company’s stock, valued at approximately $981,911.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Darryl R. Matthews sold 3,714 shares of Trimble Navigation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $38.66, for a total value of $143,583.24. Following the transaction, the senior vice president now directly owns 2,000 shares in the company, valued at approximately $77,320. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 252,688 shares of company stock worth $9,616,521. Company insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC bought a new stake in shares of Trimble Navigation in the 2nd quarter valued at approximately $782,000. Great Lakes Advisors LLC bought a new stake in shares of Trimble Navigation in the 2nd quarter valued at approximately $2,254,000. Principal Financial Group Inc. grew its stake in shares of Trimble Navigation by 26.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,307,351 shares of the scientific and technical instruments company’s stock valued at $46,633,000 after buying an additional 269,710 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Trimble Navigation in the 1st quarter valued at approximately $714,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Trimble Navigation by 9.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 24,944 shares of the scientific and technical instruments company’s stock valued at $890,000 after buying an additional 2,136 shares in the last quarter. 89.85% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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