Trimble Navigation Ltd. (TRMB) Hits New 1-Year High at $27.82
Trimble Navigation Ltd. (NASDAQ:TRMB)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $27.82 and last traded at $27.79, with a volume of 1,606,387 shares trading hands. The stock had previously closed at $27.14.
Several research firms recently commented on TRMB. TheStreet raised Trimble Navigation from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. set a $29.00 target price on Trimble Navigation and gave the company a “hold” rating in a report on Wednesday. Zacks Investment Research lowered Trimble Navigation from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Wedbush reissued a “buy” rating on shares of Trimble Navigation in a report on Sunday, June 26th. Finally, Raymond James Financial Inc. started coverage on Trimble Navigation in a report on Monday, June 13th. They set an “outperform” rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.83.
The stock has a market capitalization of $6.96 billion and a PE ratio of 60.41. The company’s 50 day moving average price is $25.66 and its 200 day moving average price is $24.21.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01. During the same quarter in the prior year, the company earned $0.28 EPS. The business had revenue of $609.60 million for the quarter, compared to analysts’ expectations of $611.79 million. Trimble Navigation’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts forecast that Trimble Navigation Ltd. will post $1.18 EPS for the current year.
In other Trimble Navigation news, VP James A. Kirkland sold 1,391 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $24.19, for a total value of $33,648.29. Following the transaction, the vice president now owns 15,426 shares in the company, valued at approximately $373,154.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jurgen Kliem sold 16,700 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $26.00, for a total transaction of $434,200.00. Following the completion of the transaction, the vice president now owns 21,693 shares in the company, valued at approximately $564,018. The disclosure for this sale can be found here.
A number of institutional investors have recently modified their holdings of TRMB. Employees Retirement System of Texas raised its position in shares of Trimble Navigation by 12.1% in the fourth quarter. Employees Retirement System of Texas now owns 342,000 shares of the company’s stock worth $7,336,000 after buying an additional 37,000 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in 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. Vanguard Group Inc. increased its stake in Trimble Navigation by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,676,399 shares of the company’s stock valued at $379,159,000 after buying an additional 136,472 shares during the last quarter. Trexquant Investment LP increased its stake in Trimble Navigation by 85.8% in the fourth quarter. Trexquant Investment LP now owns 91,800 shares of the company’s stock valued at $1,969,000 after buying an additional 42,400 shares during the last quarter. Finally, KBC Group NV increased its stake in Trimble Navigation by 13.0% in the fourth quarter. KBC Group NV now owns 77,107 shares of the company’s stock valued at $1,654,000 after buying an additional 8,876 shares during the last quarter.
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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