Jurgen Kliem Sells 44,662 Shares of Trimble Navigation Ltd. (TRMB) Stock
Trimble Navigation Ltd. (NASDAQ:TRMB) VP Jurgen Kliem sold 44,662 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $38.49, for a total value of $1,719,040.38. Following the transaction, the vice president now owns 23,909 shares in the company, valued at $920,257.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Trimble Navigation Ltd. (NASDAQ TRMB) traded up 0.78% during mid-day trading on Thursday, hitting $38.91. The stock had a trading volume of 667,326 shares. The company’s 50 day moving average price is $37.74 and its 200 day moving average price is $34.98. The stock has a market cap of $9.85 billion, a P/E ratio of 56.39 and a beta of 2.28. Trimble Navigation Ltd. has a 12-month low of $25.30 and a 12-month high of $39.45.
Trimble Navigation (NASDAQ:TRMB) last issued 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. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The firm had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Trimble Navigation Ltd. will post $1.43 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank lifted its holdings in Trimble Navigation by 13.0% in the 2nd 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 lifted its holdings in Trimble Navigation by 17.2% in the 2nd 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. Twin Tree Management LP acquired a new position in Trimble Navigation in the 1st quarter worth $124,000. Acadian Asset Management LLC acquired a new position in Trimble Navigation in the 2nd quarter worth $134,000. Finally, Advisor Group Inc. lifted its holdings in Trimble Navigation by 3.7% in the 2nd 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. Hedge funds and other institutional investors own 90.06% of the company’s stock.
Several analysts have recently issued reports on the company. BidaskClub upgraded Trimble Navigation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Craig Hallum reiterated a “hold” rating and issued a $36.00 price objective (up from $30.00) on shares of Trimble Navigation in a research note on Wednesday, August 9th. Piper Jaffray Companies set a $43.00 price objective on Trimble Navigation and gave the company a “buy” rating in a research note on Friday, August 25th. Morgan Stanley increased their price objective on Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research upgraded Trimble Navigation from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Monday, August 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Trimble Navigation currently has an average rating of “Buy” and a consensus target price of $40.75.
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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