Livforsakringsbolaget Skandia Omsesidigt held its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,234 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Trimble Navigation were worth $187,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TRMB. BlackRock Inc. boosted its stake in shares of Trimble Navigation by 6,646.3% in the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock worth $722,710,000 after buying an additional 22,242,969 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Trimble Navigation by 4.5% in the first quarter. Vanguard Group Inc. now owns 20,464,940 shares of the scientific and technical instruments company’s stock worth $655,082,000 after buying an additional 879,694 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Trimble Navigation by 2.0% in the first quarter. Wellington Management Group LLP now owns 11,273,004 shares of the scientific and technical instruments company’s stock worth $360,849,000 after buying an additional 217,701 shares in the last quarter. State Street Corp boosted its stake in shares of Trimble Navigation by 1.3% in the first quarter. State Street Corp now owns 8,157,478 shares of the scientific and technical instruments company’s stock worth $261,115,000 after buying an additional 103,450 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of Trimble Navigation by 1.6% in the first quarter. King Luther Capital Management Corp now owns 3,574,016 shares of the scientific and technical instruments company’s stock worth $114,404,000 after buying an additional 56,046 shares in the last quarter. Institutional investors and hedge funds own 90.50% of the company’s stock.

Trimble Navigation Ltd. (TRMB) opened at 37.15 on Wednesday. The firm has a market cap of $9.40 billion, a PE ratio of 58.05 and a beta of 2.30. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $37.95. The company has a 50 day moving average of $36.53 and a 200-day moving average of $33.15.

Trimble Navigation (NASDAQ:TRMB) last posted its earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. The business had revenue of $613.90 million for the quarter, compared to analyst estimates of $605.32 million. Trimble Navigation had a return on equity of 12.28% and a net margin of 6.82%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. On average, equities research analysts predict that Trimble Navigation Ltd. will post $1.39 earnings per share for the current year.

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A number of equities research analysts have weighed in on TRMB shares. Oppenheimer Holdings, Inc. lifted their price target on shares of Trimble Navigation from $34.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Zacks Investment Research cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Needham & Company LLC lifted their price target on shares of Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Craig Hallum lifted their price target on shares of Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Finally, Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Trimble Navigation presently has an average rating of “Buy” and a consensus target price of $34.43.

In related news, Director Mark S. Peek sold 11,717 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $36.35, for a total transaction of $425,912.95. Following the completion of the sale, the director now owns 30,000 shares of the company’s stock, valued at approximately $1,090,500. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Julie A. Shepard sold 26,654 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $35.77, for a total transaction of $953,413.58. Following the sale, the vice president now directly owns 16,434 shares of the company’s stock, valued at approximately $587,844.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,263 shares of company stock valued at $7,170,488. Corporate insiders own 1.40% of the company’s stock.

About Trimble Navigation

Trimble Inc, formerly Trimble Navigation Limited, provides 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 serves customers working in architecture, engineering, construction, geospatial and government.

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

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