Trimble Navigation Ltd. (NASDAQ:TRMB) SVP Darryl R. Matthews sold 1,605 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $39.95, for a total value of $64,119.75. Following the completion of the sale, the senior vice president now directly owns 6,219 shares in the company, valued at $248,449.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Trimble Navigation Ltd. (NASDAQ TRMB) traded up $0.31 during midday trading on Wednesday, hitting $41.30. The stock had a trading volume of 1,241,500 shares, compared to its average volume of 995,908. The stock has a market capitalization of $10,319.70, a P/E ratio of 32.79, a PEG ratio of 2.88 and a beta of 2.34. Trimble Navigation Ltd. has a 1-year low of $27.18 and a 1-year high of $43.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.44.

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

Trimble Navigation declared that its Board of Directors has approved a share buyback program on Wednesday, November 15th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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A number of institutional investors have recently made changes to their positions in TRMB. Renaissance Technologies LLC purchased a new position in Trimble Navigation during the first quarter worth approximately $4,012,000. Paloma Partners Management Co purchased a new position in Trimble Navigation during the first quarter worth approximately $357,000. Xact Kapitalforvaltning AB lifted its position in Trimble Navigation by 4.8% during the second quarter. Xact Kapitalforvaltning AB now owns 19,580 shares of the scientific and technical instruments company’s stock worth $698,000 after buying an additional 895 shares in the last quarter. Capstone Asset Management Co. lifted its position in Trimble Navigation by 3.2% during the second quarter. Capstone Asset Management Co. now owns 22,316 shares of the scientific and technical instruments company’s stock worth $796,000 after buying an additional 690 shares in the last quarter. Finally, Creative Planning lifted its position in Trimble Navigation by 0.3% during the second quarter. Creative Planning now owns 17,392 shares of the scientific and technical instruments company’s stock worth $620,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.

TRMB has been the topic of several research analyst reports. Dougherty & Co raised their price objective on Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. BidaskClub lowered Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Craig Hallum reissued a “hold” rating and issued a $36.00 price objective (up from $30.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price objective (up from $37.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $41.00 price objective (up from $39.00) on shares of Trimble Navigation in a report on Friday, August 4th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Trimble Navigation has a consensus rating of “Buy” and a consensus target price of $41.70.

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.

Insider Buying and Selling by Quarter for Trimble Navigation (NASDAQ:TRMB)

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