Needham & Company LLC reaffirmed their buy rating on shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in a report issued on Sunday morning. Needham & Company LLC currently has a $45.00 price objective on the scientific and technical instruments company’s stock, up from their prior price objective of $42.00.

A number of other analysts have also recently weighed in on TRMB. Zacks Investment Research cut shares of Trimble Navigation from a buy rating to a hold rating in a research report on Tuesday, July 4th. Piper Jaffray Companies reaffirmed a buy rating and set a $39.00 price target on shares of Trimble Navigation in a research report on Wednesday, July 12th. Dougherty & Co upped their price target on shares of Trimble Navigation from $40.00 to $45.00 and gave the stock a buy rating in a research report on Wednesday, July 26th. BidaskClub cut shares of Trimble Navigation from a buy rating to a hold rating in a research report on Tuesday, August 1st. Finally, Craig Hallum reaffirmed 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. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Trimble Navigation has an average rating of Buy and an average target price of $41.40.

Trimble Navigation (NASDAQ:TRMB) traded down 4.97% on Friday, hitting $40.76. The stock had a trading volume of 2,349,334 shares. The company’s 50-day moving average price is $40.30 and its 200 day moving average price is $37.24. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 59.07 and a beta of 2.30. Trimble Navigation has a one year low of $25.30 and a one year high of $43.97.

Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $660.11 million. During the same period in the prior year, the company earned $0.33 EPS. The firm’s revenue was up 14.7% on a year-over-year basis. Analysts expect that Trimble Navigation will post $1.43 earnings per share for the current year.

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In other Trimble Navigation news, VP James A. Kirkland sold 7,183 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $37.41, for a total value of $268,716.03. Following the completion of the transaction, the vice president now directly owns 14,598 shares of the company’s stock, valued at approximately $546,111.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP James A. Kirkland sold 10,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $37.60, for a total transaction of $376,000.00. Following the completion of the transaction, the vice president now directly owns 31,781 shares of the company’s stock, valued at $1,194,965.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 252,688 shares of company stock valued at $9,616,521. 1.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Trimble Navigation by 0.8% in the 2nd quarter. BlackRock Inc. now owns 22,763,354 shares of the scientific and technical instruments company’s stock valued at $811,967,000 after buying an additional 185,717 shares during the last quarter. Vanguard Group Inc. boosted its position in Trimble Navigation by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock valued at $760,302,000 after buying an additional 849,914 shares during the last quarter. State Street Corp boosted its position in Trimble Navigation by 0.4% in the 2nd quarter. State Street Corp now owns 8,192,632 shares of the scientific and technical instruments company’s stock valued at $292,228,000 after buying an additional 35,154 shares during the last quarter. Capital International Investors boosted its position in Trimble Navigation by 8.6% in the 2nd quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock valued at $286,417,000 after buying an additional 639,190 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Trimble Navigation by 2.4% in the 2nd quarter. Northern Trust Corp now owns 2,500,633 shares of the scientific and technical instruments company’s stock valued at $89,198,000 after buying an additional 58,464 shares during the last quarter. 89.99% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Trimble Navigation (NASDAQ:TRMB)

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