The Trimble Navigation Ltd. (TRMB) Earns Neutral Rating from Analysts at Northcoast Research

The Trimble Navigation Ltd. (TRMB) Earns Neutral Rating from Analysts at Northcoast Research

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

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