Janus Henderson Group PLC lifted its holdings in Trimble Navigation Ltd. (NASDAQ:TRMB) by 10.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,146,307 shares of the scientific and technical instruments company’s stock after buying an additional 112,290 shares during the period. Janus Henderson Group PLC owned about 0.45% of Trimble Navigation worth $40,892,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Chicago Equity Partners LLC bought a new stake in shares of Trimble Navigation in the 2nd quarter worth about $782,000. Great Lakes Advisors LLC bought a new stake in shares of Trimble Navigation in the 2nd quarter worth about $2,254,000. Principal Financial Group Inc. increased its holdings in shares of Trimble Navigation by 26.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,307,351 shares of the scientific and technical instruments company’s stock worth $46,633,000 after buying an additional 269,710 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Trimble Navigation in the 1st quarter worth about $714,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Trimble Navigation by 9.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 24,944 shares of the scientific and technical instruments company’s stock worth $890,000 after buying an additional 2,136 shares during the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.

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In related news, SVP Darryl R. Matthews sold 3,714 shares of Trimble Navigation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.66, for a total value of $143,583.24. Following the completion of the transaction, the senior vice president now owns 2,000 shares in the company, valued at $77,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James A. Kirkland sold 10,000 shares of Trimble Navigation stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 31,781 shares of the company’s stock, valued at approximately $1,194,965.60. The disclosure for this sale can be found here. Insiders sold 252,688 shares of company stock valued at $9,616,521 in the last quarter. 1.40% of the stock is owned by insiders.

A number of analysts have recently weighed in on the stock. Robert W. Baird boosted their target price on shares of Trimble Navigation from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, September 22nd. Piper Jaffray Companies set a $43.00 target price on shares of Trimble Navigation and gave the stock a “buy” rating in a report on Sunday, October 1st. Dougherty & Co boosted their target price on shares of Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. BidaskClub upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Berenberg Bank assumed coverage on shares of Trimble Navigation in a report on Wednesday, August 23rd. They issued a “hold” rating and a $38.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $41.11.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 40.63 on Monday. The stock has a market cap of $10.29 billion, a PE ratio of 58.88 and a beta of 2.30. Trimble Navigation Ltd. has a 12 month low of $25.30 and a 12 month high of $40.89. The stock has a 50 day moving average of $39.60 and a 200 day moving average of $36.62.

Trimble Navigation (NASDAQ:TRMB) last announced 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 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 for the quarter was up 8.6% on a year-over-year basis. During the same quarter last 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.

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.

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

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