Grandfield & Dodd LLC Has $3,841,000 Stake in Trimble Navigation Ltd. (TRMB)
Grandfield & Dodd LLC increased its position in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 157,695 shares of the company’s stock after buying an additional 2,534 shares during the period. Grandfield & Dodd LLC’s holdings in Trimble Navigation were worth $3,841,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. M&T Bank Corp increased its position in Trimble Navigation by 8.2% in the first quarter. M&T Bank Corp now owns 35,626 shares of the company’s stock worth $883,000 after buying an additional 2,706 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Trimble Navigation during the first quarter valued at about $719,000. Tobam increased its position in shares of Trimble Navigation by 23.1% in the first quarter. Tobam now owns 376,931 shares of the company’s stock valued at $9,347,000 after buying an additional 70,770 shares during the last quarter. Impax Asset Management LTD increased its position in shares of Trimble Navigation by 5.6% in the first quarter. Impax Asset Management LTD now owns 1,736,595 shares of the company’s stock valued at $43,067,000 after buying an additional 91,451 shares during the last quarter. Finally, Impax Asset Management AIFM Ltd increased its position in shares of Trimble Navigation by 10.5% in the first quarter. Impax Asset Management AIFM Ltd now owns 477,052 shares of the company’s stock valued at $11,827,000 after buying an additional 45,300 shares during the last quarter. 90.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.07% during mid-day trading on Tuesday, hitting $28.40. 1,237,296 shares of the company traded hands. Trimble Navigation Ltd. has a 52-week low of $16.84 and a 52-week high of $28.72. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 61.74 and a beta of 2.20. The firm has a 50-day moving average price of $27.41 and a 200 day moving average price of $25.82.
Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.01. The company earned $609.60 million during the quarter, compared to analyst estimates of $611.79 million. Trimble Navigation had a net margin of 5.04% and a return on equity of 11.00%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Trimble Navigation Ltd. will post $1.18 EPS for the current fiscal year.
TRMB has been the topic of several research reports. TheStreet downgraded shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Raymond James Financial Inc. initiated coverage on shares of Trimble Navigation in a research report on Monday, June 13th. They set an “outperform” rating and a $30.00 price objective on the stock. Wedbush reissued a “buy” rating on shares of Trimble Navigation in a research report on Sunday, June 26th. Dougherty & Co reissued a “buy” rating and set a $32.00 price objective on shares of Trimble Navigation in a research report on Monday, September 12th. Finally, Zacks Investment Research downgraded shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Trimble Navigation has an average rating of “Buy” and an average price target of $27.83.
In related news, VP Jurgen Kliem sold 16,700 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $26.00, for a total value of $434,200.00. Following the sale, the vice president now directly owns 21,693 shares of the company’s stock, valued at $564,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven W. Berglund sold 36,000 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $27.43, for a total transaction of $987,480.00. Following the completion of the sale, the chief executive officer now directly owns 78,183 shares in the company, valued at $2,144,559.69. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
Trimble Navigation Company Profile
Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers to transform work processes. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. Its products include equipment that automates large industrial equipment, such as tractors and bulldozers; integrated systems that track fleets of vehicles and workers and provide information and analytics to the back-office; data collection systems that enable the management of geo-referenced information; software solutions that connect all aspects of a construction site or a farm, and building information modeling (BIM) software that is used throughout the design, build and operation of buildings.
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