Summit Securities Group LLC raised its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 78.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,273 shares of the scientific and technical instruments company’s stock after buying an additional 8,046 shares during the period. Summit Securities Group LLC’s holdings in Trimble Navigation were worth $652,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in TRMB. BlackRock Inc. raised its stake in 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 during the period. Vanguard Group Inc. raised its stake in 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 during the period. Pictet Asset Management Ltd. raised its stake in Trimble Navigation by 34.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,191,804 shares of the scientific and technical instruments company’s stock worth $102,169,000 after buying an additional 826,494 shares during the period. Russell Investments Group Ltd. raised its stake in Trimble Navigation by 157.6% in the first quarter. Russell Investments Group Ltd. now owns 923,324 shares of the scientific and technical instruments company’s stock worth $29,555,000 after buying an additional 564,878 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Trimble Navigation by 1,733.8% in the first quarter. Victory Capital Management Inc. now owns 490,090 shares of the scientific and technical instruments company’s stock worth $15,687,000 after buying an additional 463,364 shares during the period. Institutional investors and hedge funds own 90.40% of the company’s stock.

Trimble Navigation Ltd. (NASDAQ TRMB) opened at 36.48 on Friday. The firm has a 50-day moving average price of $37.06 and a 200-day moving average price of $34.00. Trimble Navigation Ltd. has a 12 month low of $25.30 and a 12 month high of $39.45. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 52.87 and a beta of 2.31.

Trimble Navigation (NASDAQ:TRMB) last posted its 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. The company had revenue of $661.90 million for the quarter, compared to the consensus estimate of $643.05 million. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. On average, equities analysts anticipate that Trimble Navigation Ltd. will post $1.43 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on TRMB shares. Zacks Investment Research upgraded Trimble Navigation from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. increased their price target on Trimble Navigation from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. Craig Hallum increased their price target on Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Needham & Company LLC increased their price target 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, Dougherty & Co upgraded 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 assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $41.00.

In other Trimble Navigation news, VP James A. Kirkland sold 10,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.60, for a total transaction of $376,000.00. Following the sale, the vice president now owns 31,781 shares of the company’s stock, valued at $1,194,965.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Merit E. Janow sold 33,334 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the sale, the director now directly owns 26,004 shares in the company, valued at approximately $981,911.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,061 shares of company stock worth $4,032,293. Insiders own 1.40% 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.

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

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