Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 20.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,109 shares of the scientific and technical instruments company’s stock after buying an additional 13,142 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trimble Navigation were worth $2,750,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Creative Planning increased its stake in Trimble Navigation by 0.3% in the second quarter. Creative Planning now owns 17,392 shares of the scientific and technical instruments company’s stock worth $620,000 after buying an additional 51 shares during the period. Huntington National Bank increased its stake in Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 82 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in Trimble Navigation by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 43,477 shares of the scientific and technical instruments company’s stock worth $1,392,000 after buying an additional 292 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in Trimble Navigation by 4.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,683 shares of the scientific and technical instruments company’s stock worth $200,000 after buying an additional 313 shares during the period. Finally, Chartwell Investment Partners LLC increased its stake in Trimble Navigation by 1.6% in the second 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 during the period. 90.05% of the stock is owned by institutional investors.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 38.68 on Friday. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.45. The stock’s 50 day moving average price is $37.61 and its 200 day moving average price is $34.76. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 56.06 and a beta of 2.31.

Trimble Navigation (NASDAQ:TRMB) last posted its 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. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The firm 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 posted $0.29 EPS. Trimble Navigation’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Trimble Navigation Ltd. will post $1.43 earnings per share for the current fiscal year.

WARNING: “Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 13,142 Shares of Trimble Navigation Ltd. (TRMB)” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/fjarde-ap-fonden-fourth-swedish-national-pension-fund-purchases-13142-shares-of-trimble-navigation-ltd-trmb/1535778.html.

A number of brokerages have recently commented on TRMB. Craig Hallum reissued a “hold” rating and set a $36.00 price objective (up previously from $30.00) on shares of Trimble Navigation in a report on Wednesday, August 9th. Zacks Investment Research lowered Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Piper Jaffray Companies reissued a “buy” rating and set a $39.00 price objective on shares of Trimble Navigation in a report on Wednesday, July 12th. Morgan Stanley increased their price objective on Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Finally, BidaskClub raised Trimble Navigation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.75.

In related news, VP Chris Gibson sold 53,285 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $38.08, for a total transaction of $2,029,092.80. Following the sale, the vice president now owns 68,274 shares of the company’s stock, valued at $2,599,873.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Merit E. Janow sold 33,334 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $37.76, for a total value of $1,258,691.84. Following the sale, the director now directly owns 26,004 shares in the company, valued at approximately $981,911.04. The disclosure for this sale can be found here. Insiders sold 204,331 shares of company stock worth $7,753,607 in the last ninety days. 1.40% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Trimble Navigation (NASDAQ:TRMB)

Receive News & Ratings for Trimble Navigation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble Navigation Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.