State of Tennessee Treasury Department grew its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 40.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 215,889 shares of the scientific and technical instruments company’s stock after buying an additional 62,389 shares during the period. State of Tennessee Treasury Department owned 0.09% of Trimble Navigation worth $8,474,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board raised its position in shares of Trimble Navigation by 14.6% in the 3rd quarter. State of Wisconsin Investment Board now owns 249,356 shares of the scientific and technical instruments company’s stock valued at $9,787,000 after purchasing an additional 31,761 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Trimble Navigation in the 3rd quarter valued at approximately $2,905,000. Kornitzer Capital Management Inc. KS raised its position in shares of Trimble Navigation by 2.7% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 85,910 shares of the scientific and technical instruments company’s stock valued at $3,372,000 after purchasing an additional 2,230 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Trimble Navigation by 177.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 362,399 shares of the scientific and technical instruments company’s stock valued at $14,224,000 after purchasing an additional 231,879 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of Trimble Navigation in the 3rd quarter valued at approximately $304,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

TRMB has been the subject of several research analyst reports. Piper Jaffray Companies set a $43.00 price objective on shares of Trimble Navigation and gave the company a “buy” rating in a research report on Friday, August 25th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Trimble Navigation in a research report on Thursday, October 19th. Robert W. Baird raised their price target on shares of Trimble Navigation from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, September 22nd. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target (up from $37.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company raised their price target on shares of Trimble Navigation from $34.00 to $37.00 and gave the stock a “market perform” rating in a research report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $41.70.

In related news, CEO Steven W. Berglund sold 200,000 shares of Trimble Navigation stock in a transaction on Monday, October 30th. The shares were sold at an average price of $40.45, for a total value of $8,090,000.00. Following the sale, the chief executive officer now owns 350,489 shares of the company’s stock, valued at approximately $14,177,280.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Darryl R. Matthews sold 1,094 shares of Trimble Navigation stock in a transaction 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 in the company, valued at approximately $181,282.25. The disclosure for this sale can be found here. Insiders sold a total of 481,448 shares of company stock worth $18,963,617 in the last three months. 1.40% of the stock is owned by corporate insiders.

Trimble Navigation Ltd. (NASDAQ:TRMB) opened at $40.37 on Friday. 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 firm has a market cap of $10,163.59, a P/E ratio of 32.30, a PEG ratio of 2.83 and a beta of 2.34. Trimble Navigation Ltd. has a 1-year low of $26.88 and a 1-year high of $43.97.

Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Trimble Navigation had a net margin of 7.66% and a return on equity of 12.97%. The firm had revenue of $670.00 million for the quarter, compared to analysts’ expectations of $660.11 million. During the same quarter last 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. sell-side analysts anticipate that Trimble Navigation Ltd. will post 1.27 earnings per share for the current year.

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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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