Thompson Siegel & Walmsley LLC Takes Position in Trimble Navigation Ltd. (TRMB)

Thompson Siegel & Walmsley LLC purchased a new stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,700 shares of the scientific and technical instruments company’s stock, valued at approximately $168,000.

A number of other institutional investors have also recently made changes to their positions in TRMB. First Quadrant L P CA bought a new position in Trimble Navigation during the first quarter valued at approximately $155,000. IFP Advisors Inc boosted its stake in Trimble Navigation by 34.8% during the first quarter. IFP Advisors Inc now owns 4,760 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 1,228 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in Trimble Navigation by 17.5% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,636 shares of the scientific and technical instruments company’s stock valued at $628,000 after buying an additional 2,919 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Trimble Navigation by 1.9% during the first quarter. Great West Life Assurance Co. Can now owns 259,542 shares of the scientific and technical instruments company’s stock valued at $8,300,000 after buying an additional 4,803 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Trimble Navigation by 19.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,663 shares of the scientific and technical instruments company’s stock valued at $373,000 after buying an additional 1,910 shares during the last quarter. 90.06% of the stock is owned by institutional investors.

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Shares of Trimble Navigation Ltd. (NASDAQ TRMB) opened at 38.87 on Friday. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.45. The stock has a 50 day moving average price of $37.81 and a 200 day moving average price of $35.04. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 56.33 and a beta of 2.28.

Trimble Navigation (NASDAQ:TRMB) last issued its 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 company had revenue of $661.90 million for the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, equities analysts anticipate that Trimble Navigation Ltd. will post $1.43 EPS for the current fiscal year.

A number of brokerages recently commented on TRMB. Dougherty & Co increased their price target on Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. BidaskClub raised Trimble Navigation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Berenberg Bank began coverage on Trimble Navigation in a research note on Wednesday, August 23rd. They set a “hold” rating and a $38.00 price target for the company. Piper Jaffray Companies set a $43.00 price target on 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 target (up from $39.00) on shares of Trimble Navigation in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Trimble Navigation presently has a consensus rating of “Buy” and an average price target of $40.75.

In other news, VP James A. Kirkland sold 7,183 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $546,111.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Darryl R. Matthews sold 3,714 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.66, for a total value of $143,583.24. Following the transaction, the senior vice president now owns 2,000 shares in the company, valued at $77,320. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 252,688 shares of company stock worth $9,616,521. Insiders own 1.40% of the company’s stock.

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.

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

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