Trimble Navigation Ltd. (NASDAQ:TRMB) Director Ronald S. Nersesian sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $40.13, for a total value of $2,207,150.00. Following the completion of the sale, the director now directly owns 46,820 shares in the company, valued at $1,878,886.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings data 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. Trimble Navigation had a net margin of 7.66% and a return on equity of 12.97%. 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 firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year.
A number of analysts have recently commented on TRMB shares. Wells Fargo & Company boosted their price target on Trimble Navigation from $34.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Piper Jaffray Companies set a $43.00 price target on Trimble Navigation and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub cut Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $41.00 price target (up from $39.00) on shares of Trimble Navigation in a research report on Friday, August 4th. Finally, Craig Hallum reissued a “hold” rating and issued a $36.00 price target (up from $30.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Trimble Navigation currently has a consensus rating of “Buy” and a consensus price target of $41.70.
Several large investors have recently bought and sold shares of the company. Toronto Dominion Bank lifted its position in Trimble Navigation by 13.0% during the second quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock valued at $111,000 after purchasing an additional 357 shares during the period. Commonwealth Bank of Australia lifted its position in Trimble Navigation by 17.2% during the second quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock valued at $121,000 after purchasing an additional 500 shares during the period. Acadian Asset Management LLC acquired a new position in Trimble Navigation during the second quarter valued at $134,000. Howe & Rusling Inc. acquired a new position in Trimble Navigation during the third quarter valued at $139,000. Finally, Advisor Group Inc. lifted its position in Trimble Navigation by 3.7% during the second quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock valued at $142,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 89.99% 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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