State of Wisconsin Investment Board raised its stake in Trimble Navigation Ltd. (NASDAQ:TRMB) by 31.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,595 shares of the scientific and technical instruments company’s stock after buying an additional 52,270 shares during the period. State of Wisconsin Investment Board owned approximately 0.09% of Trimble Navigation worth $7,762,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Treasurer State of Michigan increased its position in shares of Trimble Navigation by 1.6% in the first quarter. State Treasurer State of Michigan now owns 102,500 shares of the scientific and technical instruments company’s stock valued at $3,281,000 after buying an additional 1,600 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Trimble Navigation by 19.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 11,663 shares of the scientific and technical instruments company’s stock valued at $373,000 after buying an additional 1,910 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Trimble Navigation by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 259,542 shares of the scientific and technical instruments company’s stock valued at $8,300,000 after buying an additional 4,803 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Trimble Navigation by 319.1% in the first quarter. Canada Pension Plan Investment Board now owns 449,043 shares of the scientific and technical instruments company’s stock valued at $14,374,000 after buying an additional 341,904 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Trimble Navigation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 88,043 shares of the scientific and technical instruments company’s stock valued at $2,818,000 after buying an additional 1,200 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Trimble Navigation Ltd. (TRMB) opened at 38.13 on Monday. The firm has a market capitalization of $9.65 billion, a P/E ratio of 55.26 and a beta of 2.31. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.45. The company has a 50-day moving average price of $37.46 and a 200 day moving average price of $34.55.

Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The firm had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $643.05 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. Trimble Navigation’s revenue was up 8.6% on a year-over-year basis. Analysts expect that Trimble Navigation Ltd. will post $1.43 earnings per share for the current fiscal year.

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Several research firms recently commented on TRMB. Dougherty & Co increased their price objective on Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Berenberg Bank began coverage on Trimble Navigation in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $38.00 price objective for the company. BidaskClub raised Trimble Navigation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies set a $43.00 price objective on Trimble Navigation and gave the company a “buy” rating in a research note on Friday. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $41.00 price objective (up from $39.00) on shares of Trimble Navigation in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $40.75.

In other news, Director Merit E. Janow sold 33,334 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.76, for a total value 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 document filed with the SEC, which is available at the SEC website. Also, Director Mark S. Peek sold 11,717 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $36.35, for a total value of $425,912.95. Following the completion of the sale, the director now directly owns 30,000 shares in the company, valued at $1,090,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,618 shares of company stock worth $2,343,149. Corporate insiders own 1.40% of the company’s stock.

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.

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

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