Trimble Navigation Ltd. (TRMB) Position Boosted by Victory Capital Management Inc.
Victory Capital Management Inc. boosted its holdings in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 542,942 shares of the scientific and technical instruments company’s stock after acquiring an additional 26,953 shares during the quarter. Victory Capital Management Inc. owned 0.21% of Trimble Navigation worth $21,311,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of TRMB. Toronto Dominion Bank boosted its holdings in Trimble Navigation by 13.0% during the 2nd quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock valued at $111,000 after acquiring an additional 357 shares during the period. Commonwealth Bank of Australia boosted its holdings in Trimble Navigation by 17.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock valued at $121,000 after acquiring an additional 500 shares during the period. Acadian Asset Management LLC purchased a new position in Trimble Navigation during the 2nd quarter valued at $134,000. Howe & Rusling Inc. purchased a new position in Trimble Navigation during the 3rd quarter valued at $139,000. Finally, Advisor Group Inc. boosted its holdings in Trimble Navigation by 3.7% during the 2nd quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock valued at $142,000 after acquiring an additional 144 shares during the period. Institutional investors own 90.25% of the company’s stock.
Trimble Navigation Ltd. (NASDAQ TRMB) opened at $40.37 on Friday. The company has a market capitalization of $10,163.59, a price-to-earnings ratio of 32.30, a PEG ratio of 2.83 and a beta of 2.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 1.12. Trimble Navigation Ltd. has a 1 year low of $26.88 and a 1 year high of $43.97.
Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $660.11 million. Trimble Navigation had a return on equity of 12.97% and a net margin of 7.66%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. research analysts anticipate that Trimble Navigation Ltd. will post 1.27 earnings per share for the current year.
A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Trimble Navigation in a research report on Sunday, October 29th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Trimble Navigation in a research report on Thursday, October 19th. Piper Jaffray Companies set a $43.00 target price on Trimble Navigation and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised Trimble Navigation from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research report on Monday, August 7th. Finally, Morgan Stanley lifted their target price on Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, August 17th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $41.70.
In related news, VP James A. Kirkland sold 7,183 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $37.41, for a total transaction of $268,716.03. Following the transaction, the vice president now directly owns 14,598 shares of the company’s stock, valued at approximately $546,111.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Darryl R. Matthews sold 1,094 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $40.51, for a total value of $44,317.94. Following the transaction, the senior vice president now directly owns 4,475 shares in the company, valued at $181,282.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 481,448 shares of company stock valued at $18,963,617. Corporate 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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