Trimble Navigation Ltd. (NASDAQ:TRMB) saw unusually-strong trading volume on Friday . Approximately 2,026,558 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 2,230,663 shares.The stock last traded at $24.03 and had previously closed at $23.87.

A number of equities research analysts have weighed in on TRMB shares. Wedbush reaffirmed a “buy” rating on shares of Trimble Navigation in a report on Sunday, June 26th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Trimble Navigation in a report on Monday, April 25th. Morgan Stanley reaffirmed a “hold” rating on shares of Trimble Navigation in a report on Tuesday, April 26th. William Blair lowered Trimble Navigation from an “outperform” rating to a “market perform” rating in a report on Friday, April 1st. Finally, JPMorgan Chase & Co. lowered Trimble Navigation from an “overweight” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a report on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Trimble Navigation has a consensus rating of “Buy” and a consensus target price of $26.15.

The stock has a 50-day moving average of $25.36 and a 200 day moving average of $23.53. The company has a market capitalization of $6.04 billion and a PE ratio of 57.24.

Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.03. The company had revenue of $583 million for the quarter, compared to analysts’ expectations of $580.37 million. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. Analysts predict that Trimble Navigation Ltd. will post $1.20 earnings per share for the current fiscal year.

In other Trimble Navigation news, CEO Steven W. Berglund sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $23.57, for a total value of $4,714,000.00. Following the sale, the chief executive officer now owns 264,901 shares in the company, valued at $6,243,716.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chris Gibson sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $23.22, for a total transaction of $65,016.00. Following the completion of the sale, the vice president now owns 28,138 shares in the company, valued at approximately $653,364.36. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the stock. Gulf International Bank UK Ltd raised its stake in shares of Trimble Navigation by 0.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 78,522 shares of the company’s stock valued at $1,684,000 after buying an additional 500 shares during the last quarter. I.G. Investment Management LTD. raised its stake in shares of Trimble Navigation by 1.3% in the fourth quarter. I.G. Investment Management LTD. now owns 87,200 shares of the company’s stock valued at $1,870,000 after buying an additional 1,100 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Trimble Navigation by 3.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 86,544 shares of the company’s stock valued at $1,856,000 after buying an additional 2,544 shares during the last quarter. Swiss National Bank raised its stake in shares of Trimble Navigation by 0.7% in the fourth quarter. Swiss National Bank now owns 466,300 shares of the company’s stock valued at $10,002,000 after buying an additional 3,300 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Trimble Navigation by 1.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 356,965 shares of the company’s stock valued at $7,657,000 after buying an additional 3,600 shares during the last quarter.

Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment provides heavy civil construction, building construction and geospatial solutions.

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