Trade Report: The Trimble Navigation Ltd. (TRMB) Stake Held by FTB Advisors Inc.

The Trimble Navigation Ltd. (TRMB) Stake Held by FTB Advisors Inc.

FTB Advisors Inc. continued to hold its position in Trimble Navigation Ltd. (NASDAQ:TRMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,225 shares of the company’s stock at the end of the second quarter. FTB Advisors Inc.’s holdings in Trimble Navigation were worth $200,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TRMB. Nicholas Investment Partners LP acquired a new position in shares of Trimble Navigation during the first quarter valued at about $6,487,000. AXA boosted its position in shares of Trimble Navigation by 152.2% in the first quarter. AXA now owns 651,799 shares of the company’s stock valued at $16,165,000 after buying an additional 393,309 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Trimble Navigation by 42.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,269,488 shares of the company’s stock valued at $56,284,000 after buying an additional 673,004 shares during the period. Primecap Management Co. CA boosted its position in shares of Trimble Navigation by 1.8% in the first quarter. Primecap Management Co. CA now owns 13,319,816 shares of the company’s stock valued at $330,331,000 after buying an additional 230,400 shares during the period. Finally, UBS Group AG boosted its position in shares of Trimble Navigation by 3.6% in the first quarter. UBS Group AG now owns 127,830 shares of the company’s stock valued at $3,170,000 after buying an additional 4,401 shares during the period. Institutional investors and hedge funds own 90.15% of the company’s stock.

Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 1.525% on Monday, hitting $28.955. 2,029,363 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $27.62 and a 200-day moving average price of $26.04. The stock has a market cap of $7.21 billion, a P/E ratio of 62.946 and a beta of 2.20. Trimble Navigation Ltd. has a 52-week low of $17.51 and a 52-week high of $29.00.

Trimble Navigation (NASDAQ:TRMB) last issued its earnings results on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by $0.01. Trimble Navigation had a return on equity of 11.00% and a net margin of 5.04%. The firm earned $609.60 million during the quarter, compared to analysts’ expectations of $611.79 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. Analysts predict that Trimble Navigation Ltd. will post $1.18 earnings per share for the current fiscal year.

TRMB has been the subject of several recent analyst reports. Wedbush reiterated a “buy” rating on shares of Trimble Navigation in a research report on Sunday, June 26th. Dougherty & Co reiterated a “buy” rating and set a $32.00 price objective on shares of Trimble Navigation in a research report on Monday, September 12th. TheStreet upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $29.00 price objective on shares of Trimble Navigation and gave the stock a “hold” rating in a research report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $32.00 price objective on shares of Trimble Navigation in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.83.

In other Trimble Navigation news, CFO Robert G. Painter sold 11,919 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $26.85, for a total transaction of $320,025.15. Following the transaction, the chief financial officer now directly owns 34,380 shares of the company’s stock, valued at approximately $923,103. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction, the vice president now directly owns 21,693 shares in the company, valued at $564,018. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Trimble Navigation Company Profile

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.

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