Insider Selling: Trimble Navigation Ltd. (TRMB) SVP Sells 3,714 Shares of Stock
Trimble Navigation Ltd. (NASDAQ:TRMB) SVP Darryl R. Matthews sold 3,714 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $38.66, for a total transaction of $143,583.24. Following the sale, the senior vice president now owns 2,000 shares of the company’s stock, valued at $77,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) traded down 0.10% on Friday, reaching $38.87. 1,035,873 shares of the company’s stock were exchanged. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 56.33 and a beta of 2.28. The company’s 50 day moving average is $37.78 and its 200-day moving average is $35.01. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.45.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results 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 return on equity of 12.71% and a net margin of 7.25%. The company had revenue of $661.90 million during the quarter, compared to the consensus estimate of $643.05 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Trimble Navigation Ltd. will post $1.43 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its position in shares of Trimble Navigation by 13.0% during the second quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 357 shares during the last quarter. Commonwealth Bank of Australia lifted its position in shares of Trimble Navigation by 17.2% during 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 purchasing an additional 500 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Trimble Navigation during the second quarter worth $134,000. Twin Tree Management LP bought a new stake in shares of Trimble Navigation during the first quarter worth $124,000. Finally, Advisor Group Inc. lifted its position in shares of Trimble Navigation by 3.7% during the second quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.
A number of equities research analysts recently commented on TRMB shares. Zacks Investment Research lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $39.00 price target (up from $38.00) on shares of Trimble Navigation in a report on Tuesday, June 13th. Piper Jaffray Companies reiterated a “buy” rating and set a $39.00 price target on shares of Trimble Navigation in a report on Wednesday, July 12th. Dougherty & Co upped their price target on shares of Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, BidaskClub lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Trimble Navigation presently has an average rating of “Buy” and an average price target of $40.75.
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.
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