Insider Selling: Trimble Navigation Ltd. (TRMB) VP Sells 7,183 Shares of Stock
Trimble Navigation Ltd. (NASDAQ:TRMB) VP James A. Kirkland sold 7,183 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $37.41, for a total transaction of $268,716.03. Following the completion of the sale, the vice president now owns 14,598 shares in the company, valued at approximately $546,111.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Trimble Navigation Ltd. (NASDAQ TRMB) traded up 1.3083% on Tuesday, hitting $37.9501. 170,075 shares of the stock were exchanged. The company has a 50-day moving average of $37.26 and a 200-day moving average of $34.39. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 55.0001 and a beta of 2.31. Trimble Navigation Ltd. has a 12 month low of $25.30 and a 12 month high of $39.45.
Trimble Navigation (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.02. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The business had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $643.05 million. During the same period in the prior year, the company posted $0.29 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Trimble Navigation Ltd. will post $1.43 EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its stake in shares of Trimble Navigation by 13.0% in the second quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock worth $111,000 after buying an additional 357 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Trimble Navigation by 17.2% in the second quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock worth $121,000 after buying an additional 500 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Trimble Navigation during the second quarter worth approximately $134,000. Twin Tree Management LP acquired a new stake in shares of Trimble Navigation during the first quarter worth approximately $124,000. Finally, Advisor Group Inc. boosted its stake in shares of Trimble Navigation by 3.7% in the second quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after buying an additional 144 shares in the last quarter. 89.72% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on TRMB shares. Needham & Company LLC increased their price objective on shares of Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. BidaskClub lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Trimble Navigation in a research note on Friday, August 4th. Finally, Craig Hallum increased their price objective on shares of Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $40.57.
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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