Trimble Navigation Ltd. (NASDAQ:TRMB) VP Jurgen Kliem sold 995 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $42.50, for a total transaction of $42,287.50. Following the transaction, the vice president now directly owns 18,175 shares in the company, valued at approximately $772,437.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Trimble Navigation Ltd. (NASDAQ TRMB) traded down $0.38 on Wednesday, hitting $41.23. 1,106,800 shares of the stock traded hands, compared to its average volume of 998,247. The firm has a market cap of $10,440.00, a PE ratio of 33.29, a P/E/G ratio of 2.92 and a beta of 2.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 1.12. Trimble Navigation Ltd. has a 12 month low of $28.61 and a 12 month high of $43.97.

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

Trimble Navigation declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 15th that allows the company to repurchase $600.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in TRMB. Renaissance Technologies LLC acquired a new position in shares of Trimble Navigation in the first quarter worth about $4,012,000. US Bancorp DE boosted its holdings in shares of Trimble Navigation by 12.0% in the second quarter. US Bancorp DE now owns 7,372 shares of the scientific and technical instruments company’s stock worth $263,000 after buying an additional 791 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Trimble Navigation in the second quarter worth about $134,000. Daiwa Securities Group Inc. boosted its holdings in shares of Trimble Navigation by 80.6% in the second quarter. Daiwa Securities Group Inc. now owns 13,000 shares of the scientific and technical instruments company’s stock worth $464,000 after buying an additional 5,800 shares during the period. Finally, World Asset Management Inc boosted its holdings in shares of Trimble Navigation by 3.2% in the second quarter. World Asset Management Inc now owns 17,954 shares of the scientific and technical instruments company’s stock worth $640,000 after buying an additional 552 shares during the period. Institutional investors own 89.74% of the company’s stock.

Several equities analysts have commented on TRMB shares. Zacks Investment Research cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Wells Fargo & Company raised their target price on shares of Trimble Navigation from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $45.00 target price (up previously from $42.00) on shares of Trimble Navigation in a research note on Sunday, October 29th. Oppenheimer raised their target price on shares of Trimble Navigation from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Finally, Piper Jaffray Companies set a $43.00 target price on shares of Trimble Navigation and gave the company a “buy” rating in a research note on Friday, August 25th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $41.70.

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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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