Wendell David Associates Inc. maintained its position in Trimble Navigation Ltd. (NASDAQ:TRMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,560 shares of the scientific and technical instruments company’s stock at the end of the second quarter. Wendell David Associates Inc.’s holdings in Trimble Navigation were worth $519,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Twin Tree Management LP purchased a new position in Trimble Navigation during the first quarter valued at about $124,000. Huntington National Bank increased its stake in Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 82 shares in the last quarter. IFP Advisors Inc increased its stake in Trimble Navigation by 34.8% in the first quarter. IFP Advisors Inc now owns 4,760 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 1,228 shares in the last quarter. FNY Partners Fund LP increased its stake in Trimble Navigation by 71.4% in the first quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock worth $153,000 after buying an additional 2,000 shares in the last quarter. Finally, First Quadrant L P CA purchased a new stake in Trimble Navigation during the first quarter worth $155,000. 90.49% of the stock is owned by institutional investors.
Shares of Trimble Navigation Ltd. (NASDAQ TRMB) traded down 0.74% on Friday, reaching $37.52. The company’s stock had a trading volume of 506,878 shares. Trimble Navigation Ltd. has a 12-month low of $25.30 and a 12-month high of $39.00. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 58.63 and a beta of 2.30. The company’s 50-day moving average is $36.82 and its 200 day moving average is $33.47.
Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Trimble Navigation had a net margin of 6.82% and a return on equity of 12.28%. The business had revenue of $613.90 million during the quarter, compared to analysts’ expectations of $605.32 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Trimble Navigation’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts anticipate that Trimble Navigation Ltd. will post $1.39 earnings per share for the current fiscal year.
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A number of research firms have issued reports on TRMB. Oppenheimer Holdings, Inc. increased their price target on Trimble Navigation from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Zacks Investment Research cut Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Piper Jaffray Companies reiterated a “buy” rating and issued a $39.00 target price on shares of Trimble Navigation in a report on Wednesday, July 12th. Dougherty & Co upgraded Trimble Navigation from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Finally, Craig Hallum increased their price target on Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.00.
In related news, CFO Robert G. Painter sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $35.87, for a total value of $107,610.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald S. Nersesian sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $35.71, for a total value of $1,071,300.00. Following the completion of the transaction, the director now owns 35,103 shares in the company, valued at $1,253,528.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,263 shares of company stock valued at $7,170,488. 1.40% of the stock is owned by company insiders.
Trimble Navigation Company Profile
Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.
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