Trimble Navigation Ltd. (NASDAQ:TRMB) Stake Raised by Global X Management Co. LLC

Global X Management Co. LLC boosted its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 237.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,953 shares of the scientific and technical instruments company’s stock after buying an additional 190,027 shares during the period. Global X Management Co. LLC’s holdings in Trimble Navigation were worth $9,629,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. increased its position in shares of Trimble Navigation by 27.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 40,986 shares of the scientific and technical instruments company’s stock worth $1,312,000 after buying an additional 8,950 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of Trimble Navigation by 1.6% in the first quarter. State Treasurer State of Michigan now owns 102,500 shares of the scientific and technical instruments company’s stock worth $3,281,000 after buying an additional 1,600 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Trimble Navigation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 1,260,381 shares of the scientific and technical instruments company’s stock worth $40,337,000 after buying an additional 85,816 shares in the last quarter. Johanson Financial Advisors Inc. bought a new position in shares of Trimble Navigation during the first quarter worth approximately $4,948,000. Finally, AXA increased its position in shares of Trimble Navigation by 34.5% in the first quarter. AXA now owns 800,111 shares of the scientific and technical instruments company’s stock worth $25,612,000 after buying an additional 205,120 shares in the last quarter. 90.40% of the stock is currently owned by institutional investors.

Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 37.02 on Thursday. The company has a market capitalization of $9.37 billion, a P/E ratio of 53.65 and a beta of 2.31. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.45. The stock’s 50 day moving average is $37.06 and its 200-day moving average is $33.94.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by $0.02. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The firm had revenue of $661.90 million for the quarter, compared to analyst estimates of $643.05 million. During the same quarter last year, the firm earned $0.29 EPS. The company’s revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Trimble Navigation Ltd. will post $1.42 earnings per share for the current fiscal year.

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A number of equities analysts have commented on TRMB shares. Dougherty & Co upped their target price on shares of Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Piper Jaffray Companies restated a “buy” rating and issued a $39.00 target price on shares of Trimble Navigation in a research note on Wednesday, July 12th. 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 research note on Tuesday, May 2nd. Needham & Company LLC upped their target price on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Craig Hallum restated a “hold” rating and issued a $36.00 target price (up from $30.00) on shares of Trimble Navigation in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $41.00.

In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the completion of the transaction, the director now owns 26,004 shares in the company, valued at approximately $981,911.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kaigham Gabriel sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $35.53, for a total transaction of $213,180.00. Following the transaction, the director now owns 10,670 shares of the company’s stock, valued at approximately $379,105.10. The disclosure for this sale can be found here. Insiders have sold a total of 143,880 shares of company stock valued at $5,235,551 in the last quarter. 1.40% of the stock is currently owned by company insiders.

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

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