Insider Selling: Trimble Navigation Ltd. (TRMB) SVP Sells $44,317.94 in Stock
Trimble Navigation Ltd. (NASDAQ:TRMB) SVP Darryl R. Matthews sold 1,094 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $40.51, for a total transaction of $44,317.94. Following the completion of the sale, the senior vice president now directly owns 4,475 shares of the company’s stock, valued at approximately $181,282.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Trimble Navigation Ltd. (NASDAQ TRMB) traded down $0.19 during mid-day trading on Friday, reaching $40.37. 926,900 shares of the company’s stock were exchanged, compared to its average volume of 993,723. The firm has a market capitalization of $10,211.44, a PE ratio of 32.45, a P/E/G ratio of 2.85 and a beta of 2.34. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. Trimble Navigation Ltd. has a 12-month low of $26.88 and a 12-month high of $43.97.
Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $660.11 million. Trimble Navigation had a net margin of 7.66% and a return on equity of 12.97%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. research analysts expect that Trimble Navigation Ltd. will post 1.27 EPS for the current fiscal year.
TRMB has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Trimble Navigation from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Piper Jaffray Companies set a $43.00 price target on shares of Trimble Navigation and gave the company a “buy” rating in a report on Friday, August 25th. BidaskClub cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Trimble Navigation in a report on Sunday, October 29th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $41.00 price target (up previously from $39.00) on shares of Trimble Navigation in a report on Friday, August 4th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.70.
Several institutional investors and hedge funds have recently modified their holdings of TRMB. Toronto Dominion Bank raised its position in shares of 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 valued at $111,000 after purchasing an additional 357 shares during the period. Commonwealth Bank of Australia raised its position in shares of Trimble Navigation by 17.2% in the second quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock valued at $121,000 after purchasing an additional 500 shares during the period. Acadian Asset Management LLC bought a new position in shares of Trimble Navigation in the second quarter valued at about $134,000. Howe & Rusling Inc. bought a new position in shares of Trimble Navigation in the third quarter valued at about $139,000. Finally, Advisor Group Inc. raised its position in shares of Trimble Navigation by 3.7% in the second quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock valued at $142,000 after purchasing an additional 144 shares during the period. 90.25% of the stock is currently owned by institutional investors.
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.
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