Suffolk Capital Management LLC lessened its position in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 343,697 shares of the scientific and technical instruments company’s stock after selling 25,209 shares during the quarter. Trimble Navigation makes up about 1.8% of Suffolk Capital Management LLC’s holdings, making the stock its 25th largest position. Suffolk Capital Management LLC owned about 0.14% of Trimble Navigation worth $13,490,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in Trimble Navigation by 13.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock valued at $111,000 after purchasing an additional 357 shares during the last quarter. Commonwealth Bank of Australia raised its stake in Trimble Navigation by 17.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock valued at $121,000 after purchasing an additional 500 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Trimble Navigation in the 2nd quarter valued at about $134,000. Howe & Rusling Inc. acquired a new position in Trimble Navigation in the 3rd quarter valued at about $139,000. Finally, Advisor Group Inc. raised its stake in Trimble Navigation by 3.7% in the 2nd quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock valued at $142,000 after purchasing an additional 144 shares during the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

Trimble Navigation Ltd. (NASDAQ:TRMB) traded down $0.15 on Friday, reaching $40.41. The company’s stock had a trading volume of 320,253 shares, compared to its average volume of 1,010,000. Trimble Navigation Ltd. has a 52 week low of $26.88 and a 52 week high of $43.97. The stock has a market cap of $10,210.00, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.84 and a beta of 2.33. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 0.22.

Trimble Navigation (NASDAQ:TRMB) last announced its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Trimble Navigation had a return on equity of 12.97% and a net margin of 7.66%. The business had revenue of $670.00 million during the quarter, compared to the consensus estimate of $660.11 million. During the same period in the prior year, the business posted $0.33 earnings per share. Trimble Navigation’s revenue was up 14.7% compared to the same quarter last year. equities research analysts predict that Trimble Navigation Ltd. will post 1.27 EPS for the current year.

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In related news, VP James A. Kirkland sold 7,183 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $37.41, for a total value of $268,716.03. Following the completion of the sale, the vice president now directly owns 14,598 shares of the company’s stock, valued at approximately $546,111.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Darryl R. Matthews sold 1,094 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $40.51, for a total value of $44,317.94. Following the completion of the sale, the senior vice president now directly owns 4,475 shares of the company’s stock, valued at $181,282.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 481,448 shares of company stock valued at $18,963,617. Company insiders own 1.40% of the company’s stock.

Several research analysts recently weighed in on the stock. Craig Hallum reissued a “hold” rating and issued a $36.00 target price (up previously from $30.00) on shares of Trimble Navigation in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley boosted their target price 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, Berenberg Bank assumed coverage on shares of Trimble Navigation in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $38.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $41.70.

About Trimble Navigation

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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