Capital International Investors increased its stake in Trimble Navigation Ltd. (NASDAQ:TRMB) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,068,056 shares of the scientific and technical instruments company’s stock after acquiring an additional 38,431 shares during the quarter. Capital International Investors owned approximately 3.20% of Trimble Navigation worth $316,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of Trimble Navigation by 12.0% during the second quarter. US Bancorp DE now owns 7,372 shares of the scientific and technical instruments company’s stock worth $263,000 after buying an additional 791 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Trimble Navigation in the second quarter valued at about $134,000. Daiwa Securities Group Inc. grew its holdings in shares of Trimble Navigation by 80.6% in the second quarter. Daiwa Securities Group Inc. now owns 13,000 shares of the scientific and technical instruments company’s stock valued at $464,000 after purchasing an additional 5,800 shares during the period. Sei Investments Co. lifted its position in Trimble Navigation by 171.3% in the second quarter. Sei Investments Co. now owns 33,652 shares of the scientific and technical instruments company’s stock valued at $1,201,000 after buying an additional 21,250 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Trimble Navigation by 16.8% in the second quarter. IFP Advisors Inc now owns 5,562 shares of the scientific and technical instruments company’s stock valued at $198,000 after buying an additional 802 shares during the last quarter. 89.74% of the stock is owned by institutional investors.

Several analysts have recently issued reports on TRMB shares. BidaskClub cut shares of Trimble Navigation from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Oppenheimer reiterated a “buy” rating on shares of Trimble Navigation in a research note on Thursday, October 19th. Piper Jaffray Companies set a $43.00 price target on shares of Trimble Navigation and gave the company a “buy” rating in a research note on Sunday, October 1st. Zacks Investment Research upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Tuesday, October 31st. Finally, Needham & Company LLC restated 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $41.70.

Trimble Navigation Ltd. (NASDAQ:TRMB) opened at $41.21 on Monday. Trimble Navigation Ltd. has a 52-week low of $28.61 and a 52-week high of $43.97. The stock has a market capitalization of $10,375.07, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 2.89 and a beta of 2.35. 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 (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Trimble Navigation had a return on equity of 12.97% and a net margin of 7.66%. The business had revenue of $670.00 million during the quarter, compared to the consensus estimate of $660.11 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. equities research analysts anticipate that Trimble Navigation Ltd. will post 1.27 earnings per share for the current year.

Trimble Navigation declared that its Board of Directors has approved a share buyback program on Wednesday, November 15th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, CEO Steven W. Berglund sold 200,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $40.45, for a total transaction of $8,090,000.00. Following the completion of the transaction, the chief executive officer now directly owns 350,489 shares in the company, valued at approximately $14,177,280.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Darryl R. Matthews sold 1,094 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $40.51, for a total value of $44,317.94. Following the transaction, the senior vice president now owns 4,475 shares of the company’s stock, valued at $181,282.25. The disclosure for this sale can be found here. Insiders sold a total of 320,278 shares of company stock valued at $12,969,243 over the last quarter. Company insiders own 1.40% of the company’s stock.

WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/12/11/capital-international-investors-has-316-67-million-position-in-trimble-navigation-ltd-trmb.html.

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)

Receive News & Ratings for Trimble Navigation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble Navigation Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.