Asset Management One Co. Ltd. Sells 21,166 Shares of Trimble Navigation Ltd. (TRMB)

Asset Management One Co. Ltd. lowered its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 471,809 shares of the scientific and technical instruments company’s stock after selling 21,166 shares during the period. Asset Management One Co. Ltd. owned approximately 0.19% of Trimble Navigation worth $15,122,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in TRMB. FMR LLC boosted its stake in shares of Trimble Navigation by 15.3% in the fourth quarter. FMR LLC now owns 15,547,369 shares of the scientific and technical instruments company’s stock valued at $468,753,000 after buying an additional 2,060,824 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its stake in Trimble Navigation by 217.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 4,277,587 shares of the scientific and technical instruments company’s stock valued at $128,969,000 after buying an additional 2,928,989 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Trimble Navigation by 34.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,191,804 shares of the scientific and technical instruments company’s stock valued at $102,169,000 after buying an additional 826,494 shares in the last quarter. DF Dent & Co. Inc. boosted its stake in Trimble Navigation by 4.4% in the third quarter. DF Dent & Co. Inc. now owns 3,050,395 shares of the scientific and technical instruments company’s stock valued at $87,119,000 after buying an additional 129,796 shares in the last quarter. Finally, Norges Bank bought a new stake in Trimble Navigation during the fourth quarter valued at approximately $65,522,000. 90.63% of the stock is owned by institutional investors and hedge funds.

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

Trimble Navigation Ltd. (NASDAQ TRMB) traded up 0.58% during mid-day trading on Friday, reaching $36.60. 1,754,348 shares of the company’s stock were exchanged. Trimble Navigation Ltd. has a one year low of $23.65 and a one year high of $37.15. The company’s 50-day moving average is $35.97 and its 200 day moving average is $32.07. The firm has a market capitalization of $9.26 billion, a P/E ratio of 57.19 and a beta of 2.24.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Trimble Navigation had a net margin of 6.82% and a return on equity of 12.28%. The company had revenue of $613.90 million for the quarter, compared to analyst estimates of $605.32 million. During the same quarter last year, the company earned $0.28 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Trimble Navigation Ltd. will post $1.40 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/06/16/asset-management-one-co-ltd-has-15-122-million-stake-in-trimble-inc-trmb-updated-updated.html.

Several equities research analysts have recently commented on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $39.00 target price (up from $38.00) on shares of Trimble Navigation in a research report on Tuesday. Zacks Investment Research upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, May 30th. Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Needham & Company LLC increased their price target on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Craig Hallum increased their price target on shares of Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $33.00.

In related news, VP James A. Kirkland sold 25,000 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $35.89, for a total value of $897,250.00. Following the transaction, the vice president now owns 45,887 shares in the company, valued at approximately $1,646,884.43. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James Veneziano sold 9,426 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $35.73, for a total value of $336,790.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,263 shares of company stock worth $7,170,488. Corporate insiders own 1.40% of the company’s stock.

About Trimble Navigation

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.

Receive News & Ratings for Trimble Navigation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble Navigation Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply