Trimble Navigation Ltd. (NASDAQ:TRMB) VP Chris Gibson sold 53,285 shares of Trimble Navigation stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $38.08, for a total value of $2,029,092.80. Following the transaction, the vice president now owns 68,274 shares in the company, valued at $2,599,873.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Chris Gibson also recently made the following trade(s):

  • On Monday, August 28th, Chris Gibson sold 23,430 shares of Trimble Navigation stock. The shares were sold at an average price of $38.01, for a total value of $890,574.30.
  • On Tuesday, August 29th, Chris Gibson sold 76,715 shares of Trimble Navigation stock. The shares were sold at an average price of $38.02, for a total value of $2,916,704.30.

Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.246% during midday trading on Friday, hitting $38.775. The stock had a trading volume of 289,165 shares. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.45. The stock’s 50-day moving average is $37.61 and its 200-day moving average is $34.77. The company has a market cap of $9.82 billion, a P/E ratio of 56.196 and a beta of 2.31.

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

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Several equities analysts have recently issued reports on TRMB shares. Dougherty & Co lifted their price target on Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC reiterated 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. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $41.00 price target (up from $39.00) on shares of Trimble Navigation in a research report on Friday, August 4th. Zacks Investment Research cut Trimble Navigation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Craig Hallum reiterated a “hold” rating and set a $36.00 price target (up from $30.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Trimble Navigation currently has an average rating of “Buy” and a consensus target price of $40.75.

Hedge funds have recently modified their holdings of the stock. State Treasurer State of Michigan boosted its stake 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. Ameriprise Financial Inc. boosted its stake in shares of Trimble Navigation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 1,260,381 shares of the scientific and technical instruments company’s stock valued at $40,337,000 after buying an additional 85,816 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Trimble Navigation during the first quarter valued at approximately $714,000. AXA boosted its stake in shares of Trimble Navigation by 34.5% in the first quarter. AXA now owns 800,111 shares of the scientific and technical instruments company’s stock valued at $25,612,000 after buying an additional 205,120 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Trimble Navigation by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 276,586 shares of the scientific and technical instruments company’s stock valued at $8,855,000 after buying an additional 5,886 shares during the last quarter. Institutional investors own 90.05% 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.

Insider Buying and Selling by Quarter for Trimble Navigation (NASDAQ:TRMB)

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