Trimble Navigation (TRMB) Receives Coverage Optimism Rating of 0.14

News articles about Trimble Navigation (NASDAQ:TRMB) have been trending somewhat positive this week, according to Alpha One Sentiment. Alpha One, a service of Accern, ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Trimble Navigation earned a daily sentiment score of 0.14 on Alpha One’s scale. Alpha One also assigned news articles about the scientific and technical instruments company an impact score of 98 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have effected Alpha One’s rankings:

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

Shares of Trimble Navigation (TRMB) traded up 0.58% on Friday, hitting $36.60. 1,754,348 shares of the stock traded hands. Trimble Navigation has a 52-week low of $23.65 and a 52-week high of $37.15. The firm has a market cap of $9.26 billion, a PE ratio of 57.19 and a beta of 2.24. The firm has a 50 day moving average price of $35.97 and a 200 day moving average price of $32.07.

Trimble Navigation (NASDAQ:TRMB) last released its earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $613.90 million for the quarter, compared to the consensus estimate of $605.32 million. Trimble Navigation had a net margin of 6.82% and a return on equity of 12.28%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities analysts forecast that Trimble Navigation will post $1.40 EPS for the current year.

TRMB has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Trimble Navigation from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Craig Hallum raised their target price on shares of Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Needham & Company LLC raised their target price on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Finally, Oppenheimer Holdings, Inc. raised their target price on shares of Trimble Navigation from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Trimble Navigation has an average rating of “Buy” and an average price target of $33.00.

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In other Trimble Navigation news, CFO Robert G. Painter sold 3,000 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $35.87, for a total value of $107,610.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark S. Peek sold 11,717 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $36.35, for a total value of $425,912.95. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $1,090,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,263 shares of company stock worth $7,170,488. Corporate insiders own 1.40% of the company’s stock.

Trimble Navigation Company Profile

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.

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