Zweig DiMenna Associates LLC acquired a new position in Trimble Navigation Ltd. (NASDAQ:TRMB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,200 shares of the scientific and technical instruments company’s stock, valued at approximately $283,000.
Other hedge funds also recently bought and sold shares of the company. Chicago Equity Partners LLC acquired a new stake in Trimble Navigation in the second quarter worth about $782,000. Great Lakes Advisors LLC acquired a new stake in Trimble Navigation in the second quarter worth about $2,254,000. Principal Financial Group Inc. lifted its holdings in Trimble Navigation by 26.0% in the second 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 purchasing an additional 269,710 shares during the period. Advisors Asset Management Inc. lifted its holdings in Trimble Navigation by 9.4% in the second quarter. Advisors Asset Management Inc. now owns 24,944 shares of the scientific and technical instruments company’s stock worth $890,000 after purchasing an additional 2,136 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Trimble Navigation by 8.3% in the second 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 purchasing an additional 74,434 shares during the period. 90.85% of the stock is owned by institutional investors and hedge funds.
Shares of Trimble Navigation Ltd. (TRMB) opened at $40.99 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.44. The stock has a market capitalization of $10,163.60, a PE ratio of 32.30, a price-to-earnings-growth ratio of 2.83 and a beta of 2.34. Trimble Navigation Ltd. has a twelve month low of $27.18 and a twelve month high of $43.97.
Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $670.00 million for the quarter, compared to the consensus estimate 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 for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. equities analysts expect that Trimble Navigation Ltd. will post 1.27 earnings per share for the current year.
In other Trimble Navigation news, VP James A. Kirkland sold 7,183 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $37.41, for a total transaction of $268,716.03. Following the sale, the vice president now owns 14,598 shares in the company, valued at approximately $546,111.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Steven W. Berglund sold 200,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $40.45, for a total value of $8,090,000.00. Following the sale, the chief executive officer now 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 90 days, insiders have sold 481,448 shares of company stock worth $18,963,617. Corporate insiders own 1.40% of the company’s stock.
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TRMB has been the subject of several research analyst reports. Piper Jaffray Companies set a $43.00 price objective on shares of Trimble Navigation and gave the stock a “buy” rating in a report on Friday, August 25th. Dougherty & Co boosted their price target on shares of Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price target (up from $37.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Trimble Navigation in a research report on Thursday, October 19th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Trimble Navigation has a consensus rating of “Buy” and a consensus price target of $41.70.
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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