Trimble Navigation Ltd. (TRMB) Given Buy Rating at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in a research report sent to investors on Thursday.

A number of other research analysts have also weighed in on the stock. Piper Jaffray Companies reaffirmed a buy rating and issued a $39.00 price target on shares of Trimble Navigation in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of Trimble Navigation from a buy rating to a hold rating in a research note on Tuesday, July 4th. Robert W. Baird raised their price target on shares of Trimble Navigation from $40.00 to $44.00 and gave the company an outperform rating in a research note on Friday, September 22nd. Needham & Company LLC reaffirmed a buy rating and issued a $42.00 price target (up from $37.00) on shares of Trimble Navigation in a research note on Thursday, August 3rd. Finally, Dougherty & Co raised their price target on shares of Trimble Navigation from $40.00 to $45.00 and gave the company a buy rating in a research note on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Trimble Navigation has an average rating of Buy and an average price target of $41.11.

Shares of Trimble Navigation (TRMB) opened at 41.12 on Thursday. The stock has a market capitalization of $10.41 billion, a P/E ratio of 59.59 and a beta of 2.30. Trimble Navigation has a 52-week low of $25.30 and a 52-week high of $41.31. The company has a 50 day moving average price of $39.95 and a 200-day moving average price of $36.87.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The company had revenue of $661.90 million during the quarter, compared to analysts’ expectations of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 earnings per share. On average, analysts predict that Trimble Navigation will post $1.43 earnings per share for the current fiscal year.

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In other news, VP James A. Kirkland sold 10,000 shares of Trimble Navigation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $37.60, for a total transaction of $376,000.00. Following the sale, the vice president now owns 31,781 shares of the company’s stock, valued at approximately $1,194,965.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Darryl R. Matthews sold 3,714 shares of Trimble Navigation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $38.66, for a total transaction of $143,583.24. Following the sale, the senior vice president now directly owns 2,000 shares in the company, valued at approximately $77,320. The disclosure for this sale can be found here. Insiders sold a total of 252,688 shares of company stock worth $9,616,521 over the last three months. Corporate insiders own 1.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. APG Asset Management N.V. increased its holdings in Trimble Navigation by 17.0% in the 3rd quarter. APG Asset Management N.V. now owns 149,942 shares of the scientific and technical instruments company’s stock valued at $5,885,000 after purchasing an additional 21,800 shares during the last quarter. Barometer Capital Management Inc. grew its stake in shares of Trimble Navigation by 318.1% in the third quarter. Barometer Capital Management Inc. now owns 112,900 shares of the scientific and technical instruments company’s stock worth $4,431,000 after acquiring an additional 85,900 shares in the last quarter. Oakbrook Investments LLC grew its stake in shares of Trimble Navigation by 61.2% in the third quarter. Oakbrook Investments LLC now owns 20,020 shares of the scientific and technical instruments company’s stock worth $786,000 after acquiring an additional 7,600 shares in the last quarter. Winslow Evans & Crocker Inc. grew its stake in shares of Trimble Navigation by 12.2% in the third quarter. Winslow Evans & Crocker Inc. now owns 45,152 shares of the scientific and technical instruments company’s stock worth $1,772,000 after acquiring an additional 4,917 shares in the last quarter. Finally, Rockefeller Financial Services Inc. grew its stake in shares of Trimble Navigation by 0.4% in the third quarter. Rockefeller Financial Services Inc. now owns 610,960 shares of the scientific and technical instruments company’s stock worth $23,980,000 after acquiring an additional 2,704 shares in the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.

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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