Trimble Navigation Ltd. (NASDAQ:TRMB) VP James A. Kirkland sold 10,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.60, for a total value of $376,000.00. Following the sale, the vice president now directly owns 31,781 shares in the company, valued at approximately $1,194,965.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trimble Navigation Ltd. (NASDAQ:TRMB) traded down 1.00% during trading on Tuesday, reaching $37.45. The company had a trading volume of 608,853 shares. Trimble Navigation Ltd. has a 12 month low of $25.30 and a 12 month high of $39.45. The stock has a 50 day moving average price of $37.01 and a 200 day moving average price of $33.75. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 54.28 and a beta of 2.31.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share 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 posted $0.29 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Trimble Navigation Ltd. will post $1.42 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position 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. increased its position 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 increased its position 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 increased its position 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 increased its position 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 90.40% of the company’s stock.

Several equities analysts recently weighed in on TRMB shares. Dougherty & Co increased their target price on Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Piper Jaffray Companies reiterated a “buy” rating and set a $39.00 target price on shares of Trimble Navigation in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Trimble Navigation from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, May 2nd. Needham & Company LLC increased their target price on Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Craig Hallum increased their target price on Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Trimble Navigation presently has a consensus rating of “Buy” and a consensus price target of $41.00.

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.

Insider Buying and Selling by Quarter for Trimble Navigation (NASDAQ:TRMB)

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