Northcoast Research assumed coverage on shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in a research report released on Friday morning. The firm issued a neutral rating on the stock.
Several other equities research analysts have also recently issued reports on the company. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $32.00 target price on shares of Trimble Navigation in a report on Thursday, October 13th. Zacks Investment Research cut Trimble Navigation from a hold rating to a sell rating in a report on Friday, October 28th. Dougherty & Co reduced their target price on Trimble Navigation from $32.00 to $27.00 and set a buy rating on the stock in a report on Friday, November 4th. Finally, TheStreet raised Trimble Navigation from a hold rating to a buy rating in a report on Thursday, December 15th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $28.11.
Shares of Trimble Navigation (NASDAQ:TRMB) opened at 30.49 on Friday. Trimble Navigation has a 12-month low of $18.48 and a 12-month high of $31.11. The stock has a market cap of $7.64 billion, a PE ratio of 64.87 and a beta of 2.23. The firm has a 50-day moving average price of $30.02 and a 200 day moving average price of $27.93.
Trimble Navigation (NASDAQ:TRMB) last issued its earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Trimble Navigation had a return on equity of 11.06% and a net margin of 5.08%. The firm had revenue of $584.10 million for the quarter, compared to analysts’ expectations of $600.09 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that Trimble Navigation will post $1.17 earnings per share for the current year.
In other Trimble Navigation news, VP Chris Gibson sold 29,940 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $28.37, for a total transaction of $849,397.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Darryl R. Matthews sold 1,683 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $26.64, for a total value of $44,835.12. Following the completion of the sale, the senior vice president now owns 2,475 shares of the company’s stock, valued at approximately $65,934. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. raised its stake in shares of Trimble Navigation by 1.5% in the third quarter. D.A. Davidson & CO. now owns 7,516 shares of the company’s stock worth $214,000 after buying an additional 108 shares during the last quarter. Credit Suisse AG raised its stake in shares of Trimble Navigation by 4.1% in the third quarter. Credit Suisse AG now owns 1,345,912 shares of the company’s stock worth $38,439,000 after buying an additional 52,599 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Trimble Navigation by 89.1% in the third quarter. Ameritas Investment Partners Inc. now owns 75,089 shares of the company’s stock worth $2,145,000 after buying an additional 35,390 shares during the last quarter. DF Dent & Co. Inc. raised its stake in shares of Trimble Navigation by 4.4% in the third quarter. DF Dent & Co. Inc. now owns 3,050,395 shares of the company’s stock worth $87,119,000 after buying an additional 129,796 shares during the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Trimble Navigation during the third quarter worth about $455,000. Hedge funds and other institutional investors own 89.51% of the company’s stock.
Trimble Navigation Company Profile