Chris Gibson Sells 76,715 Shares of Trimble Navigation Ltd. (TRMB) Stock
Trimble Navigation Ltd. (NASDAQ:TRMB) VP Chris Gibson sold 76,715 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $38.02, for a total transaction of $2,916,704.30. Following the completion of the transaction, the vice president now owns 38,419 shares of the company’s stock, valued at approximately $1,460,690.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Chris Gibson also recently made the following trade(s):
- On Wednesday, August 30th, Chris Gibson sold 53,285 shares of Trimble Navigation stock. The stock was sold at an average price of $38.08, for a total transaction of $2,029,092.80.
- On Monday, August 28th, Chris Gibson sold 23,430 shares of Trimble Navigation stock. The stock was sold at an average price of $38.01, for a total transaction of $890,574.30.
Shares of Trimble Navigation Ltd. (NASDAQ TRMB) opened at 38.68 on Friday. The stock has a market capitalization of $9.79 billion, a PE ratio of 56.06 and a beta of 2.31. The stock’s 50 day moving average is $37.61 and its 200 day moving average is $34.76. Trimble Navigation Ltd. has a 52-week low of $25.30 and a 52-week high of $39.45.
Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (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 business had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. During the same period in the previous year, the company earned $0.29 EPS. Trimble Navigation’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Trimble Navigation Ltd. will post $1.43 earnings per share for the current fiscal year.
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TRMB has been the subject of several research reports. Dougherty & Co boosted their price target 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 price target 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 price target for the company in a research note on Tuesday, May 30th. Needham & Company LLC restated a “buy” rating and issued a $42.00 price target (up previously from $37.00) on shares of Trimble Navigation in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.75.
A number of large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC raised its stake in Trimble Navigation by 2.4% in the second quarter. Lord Abbett & CO. LLC now owns 1,306,788 shares of the scientific and technical instruments company’s stock worth $46,613,000 after buying an additional 30,613 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in Trimble Navigation during the second quarter worth $278,000. Toronto Dominion Bank raised its stake in Trimble Navigation by 13.0% in the second 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Trimble Navigation during the second quarter worth $582,000. Finally, WINTON GROUP Ltd purchased a new stake in Trimble Navigation during the second quarter worth $266,000. 90.05% of the stock is owned by institutional investors and hedge funds.
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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