Piper Jaffray Companies reiterated their buy rating on shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in a report issued on Wednesday morning. The firm currently has a $39.00 target price on the scientific and technical instruments company’s stock.

Several other research firms also recently commented on TRMB. Oppenheimer Holdings, Inc. lifted their price target on shares of Trimble Navigation from $34.00 to $38.00 and gave the stock an outperform rating in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of Trimble Navigation from a buy rating to a hold rating in a research note on Tuesday, July 4th. Needham & Company LLC lifted their target price on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a buy rating in a research note on Friday, April 28th. Craig Hallum lifted their target price on shares of Trimble Navigation from $24.00 to $30.00 and gave the stock a hold rating in a research note on Friday, April 28th. Finally, Dougherty & Co raised shares of Trimble Navigation from a neutral rating to a buy rating in a research note on Friday, April 28th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Trimble Navigation has a consensus rating of Buy and an average target price of $34.43.

Trimble Navigation (NASDAQ:TRMB) opened at 37.23 on Wednesday. The firm has a market capitalization of $9.42 billion, a PE ratio of 58.17 and a beta of 2.30. Trimble Navigation has a 12 month low of $25.01 and a 12 month high of $37.95. The firm has a 50-day moving average of $36.12 and a 200 day moving average of $32.55.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by $0.01. The business had revenue of $613.90 million for the quarter, compared to analysts’ expectations of $605.32 million. Trimble Navigation had a return on equity of 12.28% and a net margin of 6.82%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.28 earnings per share. Equities research analysts forecast that Trimble Navigation will post $1.39 earnings per share for the current year.

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In other news, Director Mark S. Peek sold 11,717 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $36.35, for a total transaction of $425,912.95. Following the sale, the director now owns 30,000 shares in the company, valued at approximately $1,090,500. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP James A. Kirkland sold 25,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $35.89, for a total transaction of $897,250.00. Following the sale, the vice president now owns 45,887 shares in the company, valued at approximately $1,646,884.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,263 shares of company stock worth $7,170,488. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its position in shares of Trimble Navigation by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 91,949 shares of the scientific and technical instruments company’s stock worth $3,280,000 after buying an additional 3,906 shares during the last quarter. Eqis Capital Management Inc. boosted its position in shares of Trimble Navigation by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 9,558 shares of the scientific and technical instruments company’s stock worth $341,000 after buying an additional 525 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Trimble Navigation by 512.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 40,912 shares of the scientific and technical instruments company’s stock worth $1,459,000 after buying an additional 34,229 shares during the last quarter. Franklin Street Advisors Inc. NC boosted its position in shares of Trimble Navigation by 13.1% in the second quarter. Franklin Street Advisors Inc. NC now owns 96,860 shares of the scientific and technical instruments company’s stock worth $3,455,000 after buying an additional 11,220 shares during the last quarter. Finally, Creative Planning boosted its position in shares of 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 last quarter. Hedge funds and other institutional investors own 90.50% of the company’s stock.

Trimble Navigation Company Profile

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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