Retirement Systems of Alabama reduced its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 461,025 shares of the scientific and technical instruments company’s stock after selling 24,675 shares during the period. Retirement Systems of Alabama’s holdings in Trimble Navigation were worth $16,445,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TRMB. IFP Advisors Inc increased its stake in shares of Trimble Navigation by 16.8% in the second quarter. IFP Advisors Inc now owns 5,562 shares of the scientific and technical instruments company’s stock worth $198,000 after buying an additional 802 shares during the last quarter. Sei Investments Co. increased its stake in shares of Trimble Navigation by 171.3% in the second quarter. Sei Investments Co. now owns 33,652 shares of the scientific and technical instruments company’s stock worth $1,201,000 after buying an additional 21,250 shares during the last quarter. Papp L Roy & Associates increased its stake in shares of Trimble Navigation by 1.1% in the second quarter. Papp L Roy & Associates now owns 84,094 shares of the scientific and technical instruments company’s stock worth $3,000,000 after buying an additional 897 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Trimble Navigation by 1.1% in the second quarter. Texas Permanent School Fund now owns 184,641 shares of the scientific and technical instruments company’s stock worth $6,586,000 after buying an additional 1,986 shares during the last quarter. Finally, World Asset Management Inc increased its stake in shares of Trimble Navigation by 3.2% in the second quarter. World Asset Management Inc now owns 17,954 shares of the scientific and technical instruments company’s stock worth $640,000 after buying an additional 552 shares during the last quarter. 90.40% of the stock is owned by institutional investors and hedge funds.

Trimble Navigation Ltd. (TRMB) opened at 37.83 on Tuesday. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.00. The stock has a market capitalization of $9.57 billion, a PE ratio of 54.83 and a beta of 2.31. The firm has a 50-day moving average of $36.91 and a 200-day moving average of $33.67.

Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data 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. The firm had revenue of $661.90 million for the quarter, compared to the consensus estimate of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. Equities analysts expect that Trimble Navigation Ltd. will post $1.42 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Trimble Navigation from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Monday. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $41.00 price objective (up from $39.00) on shares of Trimble Navigation in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective (up from $37.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Craig Hallum reaffirmed a “hold” rating and issued a $36.00 price objective (up from $30.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $41.00.

In other Trimble Navigation news, VP Julie A. Shepard sold 27,819 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $35.59, for a total transaction of $990,078.21. Following the completion of the sale, the vice president now directly owns 38,410 shares in the company, valued at approximately $1,367,011.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steeg Nickolas Vande sold 41,717 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $35.80, for a total transaction of $1,493,468.60. Following the sale, the director now owns 56,370 shares of the company’s stock, valued at $2,018,046. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,263 shares of company stock valued at $5,094,328. 1.40% of the stock is owned by company insiders.

Trimble Navigation Company Profile

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.

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

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