Trimble Navigation Ltd. (NASDAQ:TRMB) has earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $40.43.

Several research firms have commented on TRMB. Zacks Investment Research lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Piper Jaffray Companies set a $43.00 price objective on shares of Trimble Navigation and gave the stock a “buy” rating in a research note on Friday, August 25th. Morgan Stanley lifted their price objective on shares of Trimble Navigation from $24.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $39.00 price objective (up from $38.00) on shares of Trimble Navigation in a research note on Tuesday, June 13th. Finally, BidaskClub lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.

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Shares of Trimble Navigation (NASDAQ:TRMB) traded down 0.33% during midday trading on Friday, reaching $39.66. 1,267,569 shares of the company’s stock traded hands. Trimble Navigation has a one year low of $25.30 and a one year high of $40.06. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 57.48 and a beta of 2.28. The company has a 50-day moving average of $38.04 and a 200-day moving average of $35.33.

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 the consensus estimate of $0.35 by ($0.02). The firm had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $643.05 million. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. Equities research analysts anticipate that Trimble Navigation will post $1.43 EPS for the current year.

In other news, Director Merit E. Janow sold 33,334 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the completion of the sale, the director now directly owns 26,004 shares of the company’s stock, valued at $981,911.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jurgen Kliem sold 44,662 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $38.49, for a total transaction of $1,719,040.38. Following the sale, the vice president now directly owns 23,909 shares of the company’s stock, valued at $920,257.41. The disclosure for this sale can be found here. Insiders have sold 252,688 shares of company stock valued at $9,616,521 over the last three months. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TRMB. Daiwa Securities Group Inc. boosted its stake in shares of Trimble Navigation by 12.5% during the first quarter. Daiwa Securities Group Inc. now owns 7,200 shares of the scientific and technical instruments company’s stock valued at $230,000 after purchasing an additional 800 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Trimble Navigation by 4.9% during the first quarter. BNP Paribas Arbitrage SA now owns 79,091 shares of the scientific and technical instruments company’s stock valued at $2,532,000 after purchasing an additional 3,687 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Trimble Navigation by 2.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,398 shares of the scientific and technical instruments company’s stock valued at $1,965,000 after purchasing an additional 1,274 shares during the period. World Asset Management Inc boosted its stake in shares of Trimble Navigation by 14.1% during the first quarter. World Asset Management Inc now owns 17,402 shares of the scientific and technical instruments company’s stock valued at $557,000 after purchasing an additional 2,151 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Trimble Navigation by 3.2% during the first quarter. UBS Asset Management Americas Inc. now owns 2,147,753 shares of the scientific and technical instruments company’s stock valued at $68,750,000 after purchasing an additional 67,078 shares during the period. 90.06% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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