BidaskClub lowered shares of Trimble Navigation (NASDAQ:TRMB) from a strong-buy rating to a buy rating in a research report report published on Thursday.

Several other brokerages also recently weighed in on TRMB. Oppenheimer increased their target price on Trimble Navigation from $41.00 to $45.00 and gave the company an outperform rating in a research note on Friday, October 27th. Zacks Investment Research downgraded Trimble Navigation from a buy rating to a hold rating in a research note on Wednesday, November 1st. Berenberg Bank started coverage on Trimble Navigation in a research note on Wednesday, August 23rd. They set a hold rating and a $38.00 target price for the company. Piper Jaffray Companies set a $43.00 target price on Trimble Navigation and gave the company a buy rating in a research note on Sunday, October 1st. Finally, Craig Hallum restated a hold rating and set a $36.00 target price (up previously from $30.00) on shares of Trimble Navigation in a research note on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Trimble Navigation currently has a consensus rating of Buy and a consensus price target of $41.70.

Shares of Trimble Navigation (TRMB) traded up $0.34 during trading hours on Thursday, reaching $41.21. The company had a trading volume of 1,040,000 shares, compared to its average volume of 1,007,051. Trimble Navigation has a 1 year low of $28.61 and a 1 year high of $43.97. The company has a market cap of $10,375.07, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 2.89 and a beta of 2.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.44.

Trimble Navigation (NASDAQ:TRMB) last announced its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Trimble Navigation had a return on equity of 12.97% and a net margin of 7.66%. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $660.11 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. research analysts predict that Trimble Navigation will post 1.27 EPS for the current fiscal year.

Trimble Navigation announced that its Board of Directors has approved a share buyback program on Wednesday, November 15th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

In other news, VP Jurgen Kliem sold 995 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $42.50, for a total value of $42,287.50. Following the completion of the transaction, the vice president now directly owns 18,175 shares of the company’s stock, valued at approximately $772,437.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Sachin Sankpal sold 6,512 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $41.99, for a total value of $273,438.88. Following the completion of the transaction, the senior vice president now directly owns 17,997 shares of the company’s stock, valued at $755,694.03. The disclosure for this sale can be found here. Insiders sold a total of 320,278 shares of company stock valued at $12,969,243 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. raised its holdings in shares of 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 buying an additional 144 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Trimble Navigation by 2.4% in the 2nd quarter. Nordea Investment Management AB now owns 9,588 shares of the scientific and technical instruments company’s stock worth $342,000 after buying an additional 226 shares in the last quarter. Symphony Asset Management LLC raised its holdings in shares of Trimble Navigation by 0.6% in the 2nd quarter. Symphony Asset Management LLC now owns 48,938 shares of the scientific and technical instruments company’s stock worth $1,746,000 after buying an additional 295 shares in the last quarter. Chartwell Investment Partners LLC raised its holdings in shares of Trimble Navigation by 1.6% in the 2nd quarter. Chartwell Investment Partners LLC now owns 20,318 shares of the scientific and technical instruments company’s stock worth $725,000 after buying an additional 320 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Trimble Navigation by 13.0% in the 2nd quarter. Toronto Dominion Bank now owns 3,100 shares of the scientific and technical instruments company’s stock worth $111,000 after buying an additional 357 shares in the last quarter. 89.74% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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