Trimble Navigation Ltd. (NASDAQ:TRMB)‘s stock had its “buy” rating reissued by stock analysts at Piper Jaffray Companies in a research report issued on Wednesday. They currently have a $39.00 price target on the scientific and technical instruments company’s stock. Piper Jaffray Companies’ price objective would suggest a potential upside of 5.38% from the company’s previous close.

Several other research firms have also commented on TRMB. Zacks Investment Research lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. boosted their target price on shares of Trimble Navigation from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. Dougherty & Co upgraded Trimble Navigation from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Craig Hallum increased their target price on Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Finally, Needham & Company LLC increased their price target on Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $34.43.

Trimble Navigation (TRMB) opened at 37.01 on Wednesday. The company has a market capitalization of $9.36 billion, a P/E ratio of 57.83 and a beta of 2.30. Trimble Navigation has a 1-year low of $23.78 and a 1-year high of $37.37. The company has a 50-day moving average of $36.12 and a 200-day moving average of $32.55.

Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. Trimble Navigation had a return on equity of 12.28% and a net margin of 6.82%. The business had revenue of $613.90 million during the quarter, compared to analyst estimates of $605.32 million. During the same quarter in the previous year, the company earned $0.28 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. Equities analysts expect that Trimble Navigation will post $1.39 EPS for the current fiscal year.

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In related news, CFO Robert G. Painter sold 3,000 shares of Trimble Navigation stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $35.87, for a total transaction of $107,610.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark S. Peek sold 11,717 shares of Trimble Navigation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $36.35, for a total transaction of $425,912.95. Following the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at $1,090,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 200,263 shares of company stock worth $7,170,488. Insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of TRMB. Farr Miller & Washington LLC DC raised its position in shares of Trimble Navigation by 0.3% in the fourth quarter. Farr Miller & Washington LLC DC now owns 8,743 shares of the scientific and technical instruments company’s stock worth $264,000 after buying an additional 25 shares during the period. FTB Advisors Inc. increased its stake in shares of Trimble Navigation by 0.5% in the third quarter. FTB Advisors Inc. now owns 8,267 shares of the scientific and technical instruments company’s stock worth $236,000 after buying an additional 42 shares in the last quarter. Creative Planning increased its stake in shares of Trimble Navigation by 0.3% in the first quarter. Creative Planning now owns 17,341 shares of the scientific and technical instruments company’s stock worth $555,000 after buying an additional 51 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Trimble Navigation by 0.5% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,964 shares of the scientific and technical instruments company’s stock worth $484,000 after buying an additional 77 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 82 shares in the last quarter. Institutional investors own 90.51% of the company’s stock.

About Trimble Navigation

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.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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