Trimble Navigation Ltd. (NASDAQ:TRMB) VP James A. Kirkland sold 10,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.60, for a total value of $376,000.00. Following the completion of the transaction, the vice president now owns 31,781 shares in the company, valued at approximately $1,194,965.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Trimble Navigation Ltd. (NASDAQ TRMB) traded down 1.00% on Tuesday, hitting $37.45. The stock had a trading volume of 608,853 shares. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.45. The stock’s 50 day moving average is $37.01 and its 200 day moving average is $33.75. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 54.28 and a beta of 2.31.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $661.90 million for the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. Analysts anticipate that Trimble Navigation Ltd. will post $1.42 earnings per share for the current year.

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TRMB has been the topic of a number of research reports. Dougherty & Co raised their price objective on Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Needham & Company LLC restated a “buy” rating and issued a $42.00 price objective (up previously from $37.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Trimble Navigation in a report on Friday. Zacks Investment Research lowered Trimble Navigation from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Craig Hallum restated a “hold” rating and issued a $36.00 price objective (up previously from $30.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $41.00.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Trimble Navigation by 6,646.3% in the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock worth $722,710,000 after buying an additional 22,242,969 shares during the last quarter. Vanguard Group Inc. raised its stake in Trimble Navigation by 4.5% in the first quarter. Vanguard Group Inc. now owns 20,464,940 shares of the scientific and technical instruments company’s stock worth $655,082,000 after buying an additional 879,694 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Trimble Navigation by 34.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,191,804 shares of the scientific and technical instruments company’s stock worth $102,169,000 after buying an additional 826,494 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Trimble Navigation by 157.6% in the first quarter. Russell Investments Group Ltd. now owns 923,324 shares of the scientific and technical instruments company’s stock worth $29,555,000 after buying an additional 564,878 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Trimble Navigation by 1,733.8% in the first quarter. Victory Capital Management Inc. now owns 490,090 shares of the scientific and technical instruments company’s stock worth $15,687,000 after buying an additional 463,364 shares during the last quarter. 90.40% of the stock is currently owned by institutional investors and hedge funds.

About Trimble Navigation

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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