Franklin Resources Inc. lowered its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,747,385 shares of the scientific and technical instruments company’s stock after selling 200 shares during the period. Franklin Resources Inc. owned about 1.09% of Trimble Navigation worth $97,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in shares of Trimble Navigation by 7.3% during the first quarter. Ameriprise Financial Inc. now owns 1,260,381 shares of the scientific and technical instruments company’s stock worth $40,337,000 after purchasing an additional 85,816 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Trimble Navigation during the first quarter worth about $714,000. AXA increased its stake in shares of Trimble Navigation by 34.5% during the first quarter. AXA now owns 800,111 shares of the scientific and technical instruments company’s stock worth $25,612,000 after purchasing an additional 205,120 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Trimble Navigation by 2.2% during the first quarter. JPMorgan Chase & Co. now owns 276,586 shares of the scientific and technical instruments company’s stock worth $8,855,000 after purchasing an additional 5,886 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Trimble Navigation by 15.6% during the second quarter. LS Investment Advisors LLC now owns 24,761 shares of the scientific and technical instruments company’s stock worth $883,000 after purchasing an additional 3,340 shares in the last quarter. 90.06% of the stock is owned by institutional investors and hedge funds.

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A number of analysts have recently commented on TRMB shares. Zacks Investment Research cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Piper Jaffray Companies set a $43.00 target price on shares of Trimble Navigation and gave the stock a “buy” rating in a research note on Friday, August 25th. BidaskClub cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $41.00 target price (up previously from $39.00) on shares of Trimble Navigation in a research note on Friday, August 4th. Finally, Craig Hallum reissued a “hold” rating and set a $36.00 target price (up previously from $30.00) on shares of Trimble Navigation in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $40.75.

In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the completion of the transaction, the director now directly owns 26,004 shares in the company, valued at approximately $981,911.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Darryl R. Matthews sold 3,714 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $38.66, for a total transaction of $143,583.24. Following the transaction, the senior vice president now owns 2,000 shares of the company’s stock, valued at $77,320. The disclosure for this sale can be found here. Insiders have sold a total of 252,688 shares of company stock valued at $9,616,521 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Trimble Navigation Ltd. (NASDAQ TRMB) opened at 39.55 on Tuesday. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 57.32 and a beta of 2.28. The company’s 50-day moving average is $37.82 and its 200-day moving average is $35.11. Trimble Navigation Ltd. has a 52-week low of $25.30 and a 52-week high of $39.64.

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 the Thomson Reuters’ consensus estimate 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 last year, the business posted $0.29 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Trimble Navigation Ltd. will post $1.43 earnings per share for the current year.

Trimble Navigation 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.

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

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