Trimble Navigation VP Sells $851,702 in Stock (TRMB)
Trimble Navigation (NASDAQ:TRMB) VP Chris Gibson sold 22,372 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $38.07, for a total value of $851,702.04. Following the completion of the transaction, the vice president now directly owns 11,467 shares of the company’s stock, valued at approximately $436,549. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on TRMB. Analysts at Zacks reiterated a “neutral” rating on shares of Trimble Navigation in a research note on Wednesday, February 12th. They now have a $34.00 price target on the stock. Separately, analysts at Craig Hallum downgraded shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Trimble Navigation in a research note on Monday, December 16th. They now have a $40.00 price target on the stock, up previously from $35.00. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.39.
Trimble Navigation (NASDAQ:TRMB) traded up 0.61% on Wednesday, hitting $38.20. The stock had a trading volume of 892,727 shares. Trimble Navigation has a one year low of $24.66 and a one year high of $38.77. The stock has a 50-day moving average of $34.39 and a 200-day moving average of $31.22. The company has a market cap of $9.863 billion and a price-to-earnings ratio of 45.20.
Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $599.20 million for the quarter, compared to the consensus estimate of $567.38 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, analysts predict that Trimble Navigation will post $1.74 earnings per share for the current fiscal year.
Trimble Navigation Limited (NASDAQ:TRMB) provides technology solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.