Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in a report published on Thursday.

TRMB has been the topic of several other reports. 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. Craig Hallum reaffirmed a hold rating and issued a $36.00 price target (up from $30.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Trimble Navigation from a strong-buy rating to a hold rating in a report on Tuesday, August 8th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $42.00 price target (up from $37.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $41.11.

Shares of Trimble Navigation (TRMB) traded up 0.49% during midday trading on Thursday, reaching $41.12. 681,140 shares of the company traded hands. The firm has a market capitalization of $10.41 billion, a P/E ratio of 59.59 and a beta of 2.30. Trimble Navigation has a 12 month low of $25.30 and a 12 month high of $41.31. The company has a 50 day moving average of $39.95 and a 200 day moving average of $36.87.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. On average, equities research analysts predict that Trimble Navigation will post $1.43 earnings per share for the current fiscal year.

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In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the sale, the director now directly owns 26,004 shares of the company’s stock, valued at $981,911.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chris Gibson sold 76,715 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $38.02, for a total transaction of $2,916,704.30. Following the sale, the vice president now directly owns 38,419 shares in the company, valued at $1,460,690.38. The disclosure for this sale can be found here. Insiders have sold 252,688 shares of company stock worth $9,616,521 over the last three months. 1.40% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of TRMB. Balyasny Asset Management LLC raised its holdings in shares of Trimble Navigation by 234.9% during the second quarter. Balyasny Asset Management LLC now owns 1,624,717 shares of the scientific and technical instruments company’s stock worth $57,954,000 after purchasing an additional 1,139,589 shares during the period. Vanguard Group Inc. raised its holdings in shares of Trimble Navigation by 4.2% during the second quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock worth $760,302,000 after purchasing an additional 849,914 shares during the period. Capital International Investors raised its holdings in shares of Trimble Navigation by 8.6% during the second quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock worth $286,417,000 after purchasing an additional 639,190 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Trimble Navigation by 405.7% during the second quarter. Renaissance Technologies LLC now owns 633,844 shares of the scientific and technical instruments company’s stock worth $22,609,000 after purchasing an additional 508,500 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Trimble Navigation by 49.4% during the second quarter. Russell Investments Group Ltd. now owns 1,379,003 shares of the scientific and technical instruments company’s stock worth $49,191,000 after purchasing an additional 455,679 shares during the period. 89.85% 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.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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