Garcia Hamilton & Associates LP DE lowered its stake in Trimble Navigation Ltd. (NASDAQ:TRMB) by 46.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,937 shares of the scientific and technical instruments company’s stock after selling 6,868 shares during the quarter. Garcia Hamilton & Associates LP DE’s holdings in Trimble Navigation were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Commonwealth Bank of Australia increased its stake in Trimble Navigation by 17.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock worth $121,000 after purchasing an additional 500 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Trimble Navigation in the 2nd quarter worth about $134,000. Advisor Group Inc. increased its stake in Trimble Navigation by 3.7% in the 2nd quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after purchasing an additional 144 shares in the last quarter. FNY Partners Fund LP increased its stake in Trimble Navigation by 71.4% in the 1st quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock worth $153,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in Trimble Navigation in the 2nd quarter worth about $168,000. 89.85% of the stock is currently owned by hedge funds and other institutional investors.
In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $37.76, for a total value of $1,258,691.84. Following the transaction, the director now directly owns 26,004 shares of the company’s stock, valued at approximately $981,911.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP James A. Kirkland sold 10,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.60, for a total transaction of $376,000.00. Following the completion of the transaction, the vice president now directly owns 31,781 shares in the company, valued at $1,194,965.60. The disclosure for this sale can be found here. Insiders sold a total of 252,688 shares of company stock worth $9,616,521 over the last three months. 1.40% of the stock is currently owned by corporate insiders.
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Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.42% during midday trading on Thursday, reaching $40.76. The company’s stock had a trading volume of 197,106 shares. Trimble Navigation Ltd. has a 12 month low of $25.30 and a 12 month high of $40.87. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 59.07 and a beta of 2.30. The stock has a 50-day moving average of $39.40 and a 200 day moving average of $36.45.
Trimble Navigation (NASDAQ:TRMB) last released 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). The business had revenue of $661.90 million during the quarter, compared to analysts’ expectations of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. On average, analysts predict that Trimble Navigation Ltd. will post $1.43 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the company. Craig Hallum reissued a “hold” rating and issued a $36.00 price target (up previously from $30.00) on shares of Trimble Navigation in a research note on Wednesday, August 9th. Zacks Investment Research lowered Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Piper Jaffray Companies restated a “buy” rating and set a $39.00 price objective on shares of Trimble Navigation in a research report on Wednesday, July 12th. Morgan Stanley raised their price objective on Trimble Navigation from $24.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Finally, Berenberg Bank started coverage on Trimble Navigation in a research report on Wednesday, August 23rd. They set a “hold” rating and a $38.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $41.11.
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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