Trimble Navigation Ltd. (NASDAQ:TRMB)‘s stock had its “outperform” rating reiterated by equities researchers at Oppenheimer Holdings, Inc. in a research note issued to investors on Friday. They currently have a $41.00 target price on the scientific and technical instruments company’s stock, up from their previous target price of $39.00. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 8.61% from the company’s current price. Oppenheimer Holdings also issued estimates for Trimble Navigation’s Q3 2017 earnings at $0.32 EPS.

TRMB has been the topic of a number of other research reports. Zacks Investment Research downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a report on Monday, May 29th. Piper Jaffray Companies restated a “buy” rating and set a $39.00 price target on shares of Trimble Navigation in a report on Wednesday, July 12th. BidaskClub downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Dougherty & Co upgraded Trimble Navigation from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Finally, Craig Hallum boosted their price target on Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, April 28th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Trimble Navigation presently has an average rating of “Buy” and an average target price of $40.50.

Shares of Trimble Navigation (TRMB) traded down 0.24% during midday trading on Friday, hitting $37.75. The company had a trading volume of 857,359 shares. The firm’s 50 day moving average is $36.91 and its 200 day moving average is $33.67. The company has a market capitalization of $9.55 billion, a P/E ratio of 54.71 and a beta of 2.31. Trimble Navigation has a 52 week low of $25.30 and a 52 week high of $39.00.

Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.02. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The business had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $643.05 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Trimble Navigation will post $1.41 EPS for the current year.

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In other Trimble Navigation news, Director Steeg Nickolas Vande sold 41,717 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $35.80, for a total transaction of $1,493,468.60. Following the transaction, the director now owns 56,370 shares in the company, valued at approximately $2,018,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark S. Peek sold 11,717 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $36.35, for a total value of $425,912.95. Following the transaction, the director now owns 30,000 shares in the company, valued at approximately $1,090,500. The disclosure for this sale can be found here. Insiders have sold a total of 142,263 shares of company stock worth $5,094,328 in the last quarter. Company insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TRMB. Marshall Wace North America L.P. purchased a new position in Trimble Navigation during the second quarter worth $7,487,000. Chartwell Investment Partners LLC boosted its stake in shares of Trimble Navigation by 1.6% in the second quarter. Chartwell Investment Partners LLC now owns 20,318 shares of the scientific and technical instruments company’s stock worth $725,000 after buying an additional 320 shares in the last quarter. KBC Group NV boosted its stake in shares of Trimble Navigation by 8.1% in the second quarter. KBC Group NV now owns 76,062 shares of the scientific and technical instruments company’s stock worth $2,714,000 after buying an additional 5,697 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Trimble Navigation by 52.9% in the second quarter. BNP Paribas Arbitrage SA now owns 120,928 shares of the scientific and technical instruments company’s stock worth $4,314,000 after buying an additional 41,837 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Trimble Navigation by 0.4% in the second quarter. Comerica Bank now owns 200,125 shares of the scientific and technical instruments company’s stock worth $7,645,000 after buying an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 90.56% of the company’s stock.

About Trimble Navigation

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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