Sheaff Brock Investment Advisors LLC Acquires New Stake in Trimble Navigation Ltd. (TRMB)

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,314 shares of the scientific and technical instruments company’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning grew its stake in Trimble Navigation by 0.3% during the second quarter. Creative Planning now owns 17,392 shares of the scientific and technical instruments company’s stock worth $620,000 after buying an additional 51 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Trimble Navigation by 0.7% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 43,477 shares of the scientific and technical instruments company’s stock worth $1,392,000 after buying an additional 292 shares during the last quarter. Chartwell Investment Partners LLC grew its stake in shares of Trimble Navigation by 1.6% during the second quarter. Chartwell Investment Partners LLC now owns 20,318 shares of the scientific and technical instruments company’s stock valued at $725,000 after purchasing an additional 320 shares during the last quarter. Eqis Capital Management Inc. grew its stake in shares of Trimble Navigation by 5.8% during the second quarter. Eqis Capital Management Inc. now owns 9,558 shares of the scientific and technical instruments company’s stock valued at $341,000 after purchasing an additional 525 shares during the last quarter. Finally, World Asset Management Inc grew its stake in shares of Trimble Navigation by 3.2% during the second quarter. World Asset Management Inc now owns 17,954 shares of the scientific and technical instruments company’s stock valued at $640,000 after purchasing an additional 552 shares during the last quarter. 90.06% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on TRMB. 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 Friday, August 25th. Berenberg Bank began coverage on shares of Trimble Navigation in a research note on Wednesday, August 23rd. They set a “hold” rating and a $38.00 price target on the stock. BidaskClub raised shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Morgan Stanley increased their price target on shares of Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, August 17th. Finally, Craig Hallum reissued a “hold” rating and set a $36.00 price target (up from $30.00) on shares of Trimble Navigation in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $40.75.

In related news, VP Chris Gibson sold 76,715 shares of Trimble Navigation stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $38.02, for a total transaction of $2,916,704.30. Following the sale, the vice president now directly owns 38,419 shares of the company’s stock, valued at approximately $1,460,690.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $143,583.24. Following the sale, the senior vice president now directly owns 2,000 shares in the company, valued at $77,320. The disclosure for this sale can be found here. Insiders have sold a total of 252,688 shares of company stock worth $9,616,521 over the last ninety days. 1.40% of the stock is currently owned by insiders.

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Trimble Navigation Ltd. (NASDAQ TRMB) opened at 39.88 on Wednesday. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 57.80 and a beta of 2.28. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.99. The company has a 50-day moving average of $37.87 and a 200 day moving average of $35.15.

Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $661.90 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. On average, analysts anticipate that Trimble Navigation Ltd. will post $1.43 EPS for the current 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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