ETRADE Capital Management LLC cut its stake in Trimble Navigation Ltd. (NASDAQ:TRMB) by 5.4% during the third quarter, Holdings Channel reports. The fund owned 45,198 shares of the company’s stock after selling 2,593 shares during the period. ETRADE Capital Management LLC’s holdings in Trimble Navigation were worth $1,291,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of Trimble Navigation by 17.2% in the third quarter. Bank of Montreal Can now owns 30,245 shares of the company’s stock valued at $863,000 after buying an additional 4,429 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in shares of Trimble Navigation by 8.0% in the third quarter. BlackRock Japan Co. Ltd now owns 329,110 shares of the company’s stock valued at $9,399,000 after buying an additional 24,388 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Trimble Navigation by 48.5% in the third quarter. Retirement Systems of Alabama now owns 481,096 shares of the company’s stock valued at $13,740,000 after buying an additional 157,220 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Trimble Navigation by 1.4% in the third quarter. BlackRock Group LTD now owns 1,685,946 shares of the company’s stock valued at $48,151,000 after buying an additional 23,248 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Trimble Navigation by 2.1% in the third quarter. Mutual of America Capital Management LLC now owns 189,367 shares of the company’s stock valued at $5,408,000 after buying an additional 3,895 shares during the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

Institutional Ownership by Quarter for Trimble Navigation (NASDAQ:TRMB)

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 30.86 on Friday. Trimble Navigation Ltd. has a 12-month low of $22.44 and a 12-month high of $32.19. The stock has a 50 day moving average of $30.34 and a 200-day moving average of $28.64. The company has a market capitalization of $7.74 billion, a P/E ratio of 59.35 and a beta of 2.23.

Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $585.60 million for the quarter, compared to analyst estimates of $579.04 million. Trimble Navigation had a net margin of 5.60% and a return on equity of 11.55%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. Equities research analysts forecast that Trimble Navigation Ltd. will post $1.35 EPS for the current year.

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Several analysts have commented on TRMB shares. Zacks Investment Research cut shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research note on Friday, October 28th. Dougherty & Co cut shares of Trimble Navigation from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research note on Monday, January 30th. Northcoast Research started coverage on shares of Trimble Navigation in a research note on Friday, January 13th. They issued a “neutral” rating on the stock. TheStreet upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research note on Thursday, December 15th. Finally, Needham & Company LLC boosted their target price on shares of Trimble Navigation from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.44.

In related news, Director Ulf J. Johansson sold 50,000 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $31.54, for a total transaction of $1,577,000.00. Following the sale, the director now owns 30,953 shares in the company, valued at $976,257.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Steven W. Berglund sold 208,056 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $27.51, for a total transaction of $5,723,620.56. Following the sale, the chief executive officer now owns 334,614 shares in the company, valued at approximately $9,205,231.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 570,683 shares of company stock worth $16,878,141. 1.90% of the stock is owned by company insiders.

About Trimble Navigation

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company has four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in engineering and construction, among others.

5 Day Chart for NASDAQ:TRMB

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