Trimble Navigation Ltd. (NASDAQ:TRMB)‘s stock had its “outperform” rating restated by Oppenheimer Holdings, Inc. in a report released on Tuesday. They currently have a $39.00 price objective on the scientific and technical instruments company’s stock, up from their previous price objective of $38.00. Oppenheimer Holdings, Inc.’s price target would suggest a potential upside of 6.79% from the company’s current price.

TRMB has been the subject of several other research reports. Zacks Investment Research upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 2nd. Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Needham & Company LLC lifted their price objective on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Craig Hallum lifted their price objective on shares of Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.63.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $613.90 million during the quarter, compared to the consensus estimate of $605.32 million. Trimble Navigation had a net margin of 6.82% and a return on equity of 12.28%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS.

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In related news, Director Mark S. Peek sold 11,717 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $36.35, for a total transaction of $425,912.95. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $1,090,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP James A. Kirkland sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $35.89, for a total transaction of $897,250.00. Following the transaction, the vice president now owns 45,887 shares of the company’s stock, valued at $1,646,884.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 200,263 shares of company stock valued at $7,170,488. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its position in Trimble Navigation by 7.7% in the first quarter. Perigon Wealth Management LLC now owns 17,769 shares of the scientific and technical instruments company’s stock worth $569,000 after buying an additional 1,270 shares in the last quarter. Achmea Investment Management B.V. bought a new position in Trimble Navigation during the first quarter worth about $263,000. FNY Partners Fund LP boosted its position in Trimble Navigation by 71.4% in the first quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock worth $153,000 after buying an additional 2,000 shares in the last quarter. Driehaus Capital Management LLC boosted its position in Trimble Navigation by 60.0% in the first quarter. Driehaus Capital Management LLC now owns 38,366 shares of the scientific and technical instruments company’s stock worth $1,228,000 after buying an additional 14,385 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Trimble Navigation by 6.2% in the first quarter. HighTower Advisors LLC now owns 18,674 shares of the scientific and technical instruments company’s stock worth $597,000 after buying an additional 1,089 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Trimble Navigation Company Profile

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.

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