Trimble Navigation Ltd. (NASDAQ:TRMB) had its price target lifted by Robert W. Baird from $40.00 to $44.00 in a research note published on Friday. The firm currently has an outperform rating on the scientific and technical instruments company’s stock.

Several other brokerages also recently weighed in on TRMB. Dougherty & Co boosted their price target on Trimble Navigation from $40.00 to $45.00 and gave the company a buy rating in a report on Wednesday, July 26th. Berenberg Bank began coverage on Trimble Navigation in a report on Wednesday, August 23rd. They issued a hold rating and a $38.00 price target for the company. BidaskClub raised shares of Trimble Navigation from a hold rating to a buy rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies set a $43.00 price objective on shares of Trimble Navigation and gave the company a buy rating in a research note on Friday, August 25th. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and set a $41.00 price objective (up from $39.00) on shares of Trimble Navigation in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $41.11.

Trimble Navigation (NASDAQ:TRMB) opened at 39.115 on Friday. The company has a 50-day moving average price of $38.19 and a 200 day moving average price of $35.51. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 56.688 and a beta of 2.28. Trimble Navigation has a 12 month low of $25.30 and a 12 month high of $40.30.

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 the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The business had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. Equities analysts predict that Trimble Navigation will post $1.43 earnings per share for the current year.

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In related news, VP Chris Gibson sold 76,715 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $38.02, for a total transaction of $2,916,704.30. Following the completion of the sale, the vice president now directly owns 38,419 shares of the company’s stock, valued at approximately $1,460,690.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James A. Kirkland sold 10,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $37.60, for a total transaction of $376,000.00. Following the sale, the vice president now directly owns 31,781 shares of the company’s stock, valued at $1,194,965.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 252,688 shares of company stock valued at $9,616,521. 1.40% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Trimble Navigation by 0.8% in the 2nd quarter. BlackRock Inc. now owns 22,763,354 shares of the scientific and technical instruments company’s stock valued at $811,967,000 after buying an additional 185,717 shares during the last quarter. Vanguard Group Inc. boosted its position in Trimble Navigation by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock valued at $760,302,000 after buying an additional 849,914 shares during the last quarter. Wellington Management Group LLP boosted its position in Trimble Navigation by 2.0% in the 1st quarter. Wellington Management Group LLP now owns 11,273,004 shares of the scientific and technical instruments company’s stock valued at $360,849,000 after buying an additional 217,701 shares during the last quarter. State Street Corp boosted its position in Trimble Navigation by 0.4% in the 2nd quarter. State Street Corp now owns 8,192,632 shares of the scientific and technical instruments company’s stock valued at $292,228,000 after buying an additional 35,154 shares during the last quarter. Finally, Capital International Investors boosted its position in Trimble Navigation by 8.6% in the 2nd quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock valued at $286,417,000 after buying an additional 639,190 shares during the last quarter. 89.85% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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