Trimble Navigation (TRMB) Earning Very Favorable Press Coverage, AlphaOne Reports

News headlines about Trimble Navigation (NASDAQ:TRMB) have been trending very positive recently, AlphaOne reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Trimble Navigation earned a media sentiment score of 0.54 on AlphaOne’s scale. AlphaOne also assigned media coverage about the scientific and technical instruments company an impact score of 66 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the next several days.

Here are some of the news headlines that may have impacted AlphaOne’s rankings:

Insider Buying and Selling by Quarter for Trimble Navigation (NASDAQ:TRMB)

Trimble Navigation (NASDAQ TRMB) traded down 0.43% during trading on Tuesday, hitting $36.99. 102,162 shares of the company traded hands. The firm has a 50 day moving average of $36.02 and a 200 day moving average of $32.19. The firm has a market cap of $9.35 billion, a P/E ratio of 57.80 and a beta of 2.24. Trimble Navigation has a one year low of $23.65 and a one year high of $37.37.

Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Trimble Navigation had a return on equity of 12.28% and a net margin of 6.82%. The business had revenue of $613.90 million for the quarter, compared to analyst estimates of $605.32 million. During the same quarter last year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect that Trimble Navigation will post $1.40 earnings per share for the current fiscal year.

A number of brokerages have weighed in on TRMB. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $39.00 price target (up previously from $38.00) on shares of Trimble Navigation in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, May 2nd. Needham & Company LLC lifted their target price on shares of Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 28th. Craig Hallum lifted their target price on shares of Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.00.

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In related news, VP James A. Kirkland sold 25,000 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $35.89, for a total transaction of $897,250.00. Following the completion of the sale, the vice president now directly owns 45,887 shares of the company’s stock, valued at approximately $1,646,884.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald S. Nersesian sold 30,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $35.71, for a total transaction of $1,071,300.00. Following the sale, the director now directly owns 35,103 shares of the company’s stock, valued at $1,253,528.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,263 shares of company stock worth $7,170,488. 1.40% of the stock is currently owned by company insiders.

Trimble Navigation Company Profile

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TRMB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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