Trimble Navigation Ltd. (NASDAQ:TRMB) SVP Darryl R. Matthews sold 1,605 shares of Trimble Navigation stock in a transaction on Monday, November 13th. The shares were sold at an average price of $39.95, for a total value of $64,119.75. Following the completion of the transaction, the senior vice president now directly owns 6,219 shares of the company’s stock, valued at $248,449.05. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) traded up $0.62 on Tuesday, hitting $40.99. The stock had a trading volume of 1,226,600 shares, compared to its average volume of 994,787. Trimble Navigation Ltd. has a one year low of $27.18 and a one year high of $43.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market cap of $10,163.60, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 2.83 and a beta of 2.34.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Trimble Navigation had a return on equity of 12.97% and a net margin of 7.66%. The company had revenue of $670.00 million for the quarter, compared to analyst estimates of $660.11 million. During the same quarter last year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. equities analysts expect that Trimble Navigation Ltd. will post 1.27 earnings per share for the current fiscal year.

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Several brokerages have weighed in on TRMB. Craig Hallum reaffirmed a “hold” rating and issued a $36.00 price objective (up from $30.00) on shares of Trimble Navigation in a report on Wednesday, August 9th. Morgan Stanley lifted their price objective on Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Berenberg Bank began coverage on Trimble Navigation in a report on Wednesday, August 23rd. They issued a “hold” rating and a $38.00 price objective for the company. Piper Jaffray Companies set a $43.00 price objective on Trimble Navigation and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, Zacks Investment Research cut Trimble Navigation from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.70.

Several institutional investors and hedge funds have recently modified their holdings of TRMB. Balyasny Asset Management LLC grew its position in Trimble Navigation by 234.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,624,717 shares of the scientific and technical instruments company’s stock worth $57,954,000 after acquiring an additional 1,139,589 shares during the last quarter. Vanguard Group Inc. grew its position in Trimble Navigation by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock worth $760,302,000 after acquiring an additional 849,914 shares during the last quarter. Capital International Investors grew its position in Trimble Navigation by 8.6% during the 2nd quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock worth $286,417,000 after acquiring an additional 639,190 shares during the last quarter. First Quadrant L P CA grew its position in Trimble Navigation by 9,319.3% during the 3rd quarter. First Quadrant L P CA now owns 609,052 shares of the scientific and technical instruments company’s stock worth $23,905,000 after acquiring an additional 602,586 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Trimble Navigation by 405.7% during the 2nd quarter. Renaissance Technologies LLC now owns 633,844 shares of the scientific and technical instruments company’s stock worth $22,609,000 after acquiring an additional 508,500 shares during the last quarter. Institutional investors own 90.85% of the company’s stock.

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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