Trimble Navigation Ltd. (TRMB) Shares Bought by USA Financial Portformulas Corp

USA Financial Portformulas Corp raised its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 187.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,383 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,599 shares during the period. USA Financial Portformulas Corp’s holdings in Trimble Navigation were worth $879,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Trimble Navigation by 0.8% in the second quarter. BlackRock Inc. now owns 22,763,354 shares of the scientific and technical instruments company’s stock worth $811,967,000 after acquiring an additional 185,717 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Trimble Navigation by 4.2% in the second quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock worth $760,302,000 after acquiring an additional 849,914 shares in the last quarter. State Street Corp increased its position in shares of Trimble Navigation by 0.4% in the second quarter. State Street Corp now owns 8,192,632 shares of the scientific and technical instruments company’s stock worth $292,228,000 after acquiring an additional 35,154 shares in the last quarter. Capital International Investors increased its position in shares of Trimble Navigation by 8.6% in the second quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock worth $286,417,000 after acquiring an additional 639,190 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Trimble Navigation by 2.4% in the second quarter. Northern Trust Corp now owns 2,500,633 shares of the scientific and technical instruments company’s stock worth $89,198,000 after acquiring an additional 58,464 shares in the last quarter. 90.25% of the stock is owned by institutional investors.

Trimble Navigation Ltd. (NASDAQ:TRMB) remained flat at $$40.48 during mid-day trading on Wednesday. The stock had a trading volume of 242,734 shares, compared to its average volume of 1,080,213. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.44. Trimble Navigation Ltd. has a 52-week low of $26.16 and a 52-week high of $43.97. The firm has a market cap of $10,290.56, a price-to-earnings ratio of 32.52, a PEG ratio of 2.85 and a beta of 2.34.

Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $660.11 million. Trimble Navigation had a net margin of 7.66% and a return on equity of 12.97%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. sell-side analysts predict that Trimble Navigation Ltd. will post 1.27 earnings per share for the current year.

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In other Trimble Navigation news, VP James A. Kirkland sold 7,183 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $37.41, for a total transaction of $268,716.03. Following the transaction, the vice president now owns 14,598 shares of the company’s stock, valued at approximately $546,111.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Steven W. Berglund sold 200,000 shares of Trimble Navigation stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders have sold 480,354 shares of company stock worth $18,919,299. 1.40% of the stock is owned by corporate insiders.

TRMB has been the subject of a number of recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.00 price target on shares of Trimble Navigation in a report on Wednesday, July 12th. Dougherty & Co raised their price target on shares of Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. BidaskClub lowered shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Craig Hallum reaffirmed a “hold” rating and set a $36.00 price target (up from $30.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price target (up from $37.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.70.

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.

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

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