Crossmark Global Holdings Inc. bought a new position in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 24,246 shares of the scientific and technical instruments company’s stock, valued at approximately $952,000.
Other large investors have also recently modified their holdings of the company. Chicago Equity Partners LLC purchased a new stake in shares of Trimble Navigation during the 2nd quarter worth about $782,000. Great Lakes Advisors LLC purchased a new position in Trimble Navigation in the 2nd quarter worth approximately $2,254,000. Principal Financial Group Inc. boosted its holdings in Trimble Navigation by 26.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,307,351 shares of the scientific and technical instruments company’s stock worth $46,633,000 after acquiring an additional 269,710 shares during the period. Advisors Asset Management Inc. boosted its holdings in Trimble Navigation by 9.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 24,944 shares of the scientific and technical instruments company’s stock worth $890,000 after acquiring an additional 2,136 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Trimble Navigation by 8.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 975,935 shares of the scientific and technical instruments company’s stock worth $34,812,000 after acquiring an additional 74,434 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.
In other news, SVP Darryl R. Matthews sold 1,094 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $40.51, for a total transaction of $44,317.94. Following the completion of the transaction, the senior vice president now directly owns 4,475 shares in the company, valued at approximately $181,282.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP James A. Kirkland sold 7,183 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $37.41, for a total value of $268,716.03. Following the transaction, the vice president now owns 14,598 shares of the company’s stock, valued at $546,111.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 481,448 shares of company stock valued at $18,963,617. Company insiders own 1.40% of the company’s stock.
A number of equities analysts have weighed in on TRMB shares. Needham & Company LLC restated a “buy” rating and issued a $42.00 price target (up previously from $37.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Dougherty & Co upped their price target on Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $41.00 price target (up previously from $39.00) on shares of Trimble Navigation in a report on Friday, August 4th. Zacks Investment Research cut Trimble Navigation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Craig Hallum restated a “hold” rating and issued a $36.00 price target (up previously from $30.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $41.70.
Trimble Navigation Ltd. (NASDAQ TRMB) opened at $40.37 on Friday. The company has a market capitalization of $10,163.59, a P/E ratio of 32.30, a PEG ratio of 2.83 and a beta of 2.34. 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 one year low of $26.88 and a one year high of $43.97.
Trimble Navigation (NASDAQ:TRMB) last released its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $660.11 million. Trimble Navigation had a return on equity of 12.97% and a net margin of 7.66%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. sell-side analysts anticipate that Trimble Navigation Ltd. will post 1.27 earnings per share 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.
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