BlackRock Advisors LLC boosted its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 6.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 326,320 shares of the company’s stock after buying an additional 20,792 shares during the period. BlackRock Advisors LLC owned 0.13% of Trimble Navigation worth $7,949,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in TRMB. Strs Ohio raised its stake in shares of Trimble Navigation by 59.2% in the second quarter. Strs Ohio now owns 6,841 shares of the company’s stock worth $166,000 after buying an additional 2,544 shares during the period. Westpac Banking Corp raised its stake in shares of Trimble Navigation by 33.1% in the second quarter. Westpac Banking Corp now owns 12,563 shares of the company’s stock worth $306,000 after buying an additional 3,121 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Trimble Navigation during the second quarter worth $317,000. Mizuho Asset Management Co. Ltd. raised its stake in shares of Trimble Navigation by 953.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 13,022 shares of the company’s stock worth $317,000 after buying an additional 11,786 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Trimble Navigation by 2.2% in the second quarter. CIBC Asset Management Inc now owns 13,238 shares of the company’s stock worth $322,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.
Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 28.15 on Wednesday. The firm has a market cap of $7.01 billion, a PE ratio of 61.20 and a beta of 2.20. Trimble Navigation Ltd. has a 12-month low of $17.08 and a 12-month high of $28.99. The company has a 50-day moving average price of $27.55 and a 200-day moving average price of $25.98.
Trimble Navigation (NASDAQ:TRMB) last released its earnings results on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The firm earned $609.60 million during the quarter, compared to analysts’ expectations of $611.79 million. Trimble Navigation had a return on equity of 11.00% and a net margin of 5.04%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts predict that Trimble Navigation Ltd. will post $1.18 earnings per share for the current year.
A number of research analysts have recently issued reports on the company. TheStreet downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $32.00 price target on shares of Trimble Navigation in a report on Tuesday, September 13th. Dougherty & Co reiterated a “buy” rating and issued a $32.00 price target on shares of Trimble Navigation in a report on Monday, September 12th. JPMorgan Chase & Co. set a $29.00 target price on Trimble Navigation and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research downgraded Trimble Navigation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.83.
In other news, SVP Darryl R. Matthews sold 5,714 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $27.39, for a total transaction of $156,506.46. Following the completion of the sale, the senior vice president now directly owns 8,401 shares of the company’s stock, valued at approximately $230,103.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jurgen Kliem sold 16,700 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $26.00, for a total transaction of $434,200.00. Following the sale, the vice president now directly owns 21,693 shares of the company’s stock, valued at $564,018. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.
About Trimble Navigation
Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers to transform work processes. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. Its products include equipment that automates large industrial equipment, such as tractors and bulldozers; integrated systems that track fleets of vehicles and workers and provide information and analytics to the back-office; data collection systems that enable the management of geo-referenced information; software solutions that connect all aspects of a construction site or a farm, and building information modeling (BIM) software that is used throughout the design, build and operation of buildings.