Insider Selling: Trimble Navigation Ltd. (TRMB) Director Sells 33,334 Shares of Stock
Trimble Navigation Ltd. (NASDAQ:TRMB) Director Merit E. Janow sold 33,334 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.76, for a total value of $1,258,691.84. Following the sale, the director now directly owns 26,004 shares in the company, valued at approximately $981,911.04. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Trimble Navigation Ltd. (NASDAQ TRMB) traded down 1.00% during mid-day trading on Tuesday, hitting $37.45. The company’s stock had a trading volume of 608,853 shares. Trimble Navigation Ltd. has a 52-week low of $25.30 and a 52-week high of $39.45. The stock has a market cap of $9.47 billion, a P/E ratio of 54.28 and a beta of 2.31. The company’s 50 day moving average is $37.01 and its 200-day moving average is $33.75.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.02. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The company had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $643.05 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Trimble Navigation Ltd. will post $1.42 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of TRMB. 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 during the period. 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 during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Trimble Navigation by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 43,477 shares of the scientific and technical instruments company’s stock worth $1,392,000 after buying an additional 292 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in shares of Trimble Navigation by 4.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,683 shares of the scientific and technical instruments company’s stock worth $200,000 after buying an additional 313 shares during the period. Finally, Chartwell Investment Partners LLC increased its stake in shares of Trimble Navigation by 1.6% in the second quarter. Chartwell Investment Partners LLC now owns 20,318 shares of the scientific and technical instruments company’s stock worth $725,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 90.40% of the company’s stock.
A number of analysts recently issued reports on TRMB shares. Zacks Investment Research cut Trimble Navigation from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Needham & Company LLC increased their price objective on Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. BidaskClub cut Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $41.00 price objective (up previously from $39.00) on shares of Trimble Navigation in a report on Friday. Finally, Craig Hallum increased their price objective on Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Trimble Navigation currently has an average rating of “Buy” and an average target price of $41.00.
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.
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