Aperio Group LLC lessened its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,606 shares of the scientific and technical instruments company’s stock after selling 1,489 shares during the quarter. Aperio Group LLC’s holdings in Trimble Navigation were worth $2,693,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Chicago Equity Partners LLC bought a new position in Trimble Navigation in the 2nd quarter valued at about $782,000. Great Lakes Advisors LLC bought a new position in Trimble Navigation in the 2nd quarter valued at about $2,254,000. Principal Financial Group Inc. lifted its position in Trimble Navigation by 26.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,307,351 shares of the scientific and technical instruments company’s stock valued at $46,633,000 after acquiring an additional 269,710 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Trimble Navigation by 9.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 24,944 shares of the scientific and technical instruments company’s stock valued at $890,000 after acquiring an additional 2,136 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Trimble Navigation by 8.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 975,935 shares of the scientific and technical instruments company’s stock valued at $34,812,000 after acquiring an additional 74,434 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors.

Trimble Navigation Ltd. (NASDAQ:TRMB) opened at $40.37 on Friday. Trimble Navigation Ltd. has a 1 year low of $26.88 and a 1 year high of $43.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.44. The company has a market cap of $10,163.59, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 2.83 and a beta of 2.34.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Trimble Navigation had a net margin of 7.66% and a return on equity of 12.97%. The company had revenue of $670.00 million during the quarter, compared to analyst estimates of $660.11 million. During the same quarter last year, the business posted $0.33 EPS. Trimble Navigation’s quarterly revenue was up 14.7% compared to the same quarter last year. sell-side analysts forecast that Trimble Navigation Ltd. will post 1.27 earnings per share for the current year.

In other news, VP Chris Gibson sold 76,715 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $38.02, for a total transaction of $2,916,704.30. Following the completion of the sale, the vice president now owns 38,419 shares in the company, valued at approximately $1,460,690.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Darryl R. Matthews sold 3,714 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.66, for a total transaction of $143,583.24. Following the sale, the senior vice president now owns 2,000 shares of the company’s stock, valued at approximately $77,320. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 481,448 shares of company stock valued at $18,963,617. 1.40% of the stock is currently owned by company insiders.

TRMB has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price target (up previously from $37.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Dougherty & Co raised their price target on shares of Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $41.00 price target (up previously from $39.00) on shares of Trimble Navigation in a research report on Friday, August 4th. Zacks Investment Research cut shares of Trimble Navigation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Craig Hallum reissued a “hold” rating and set a $36.00 target price (up previously from $30.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.70.

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

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