Lodge Hill Capital adds Trimble Navigation Limited (TRMB) to its portfolio

Trimble Navigation Limited (TRMB) : Lodge Hill Capital added new position in Trimble Navigation Limited during the most recent quarter end. The investment management firm now holds 1,140,000 shares of Trimble Navigation Limited which is valued at $31,612,200 , the company said in a statement filed on Aug 12, 2016 with the SEC.Trimble Navigation Limited makes up approximately 5.15% of Lodge Hill Capital’s portfolio.

Other Hedge Funds, Including , Disciplined Growth Investors Inc Mn reduced its stake in TRMB by selling 900 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 126,785 shares of TRMB which is valued at $3,515,748. Trimble Navigation Limited makes up approx 0.08% of Disciplined Growth Investors Inc Mn’s portfolio.Quantum Capital Management reduced its stake in TRMB by selling 2,701 shares or 14.17% in the most recent quarter. The Hedge Fund company now holds 16,358 shares of TRMB which is valued at $453,607. Trimble Navigation Limited makes up approx 0.06% of Quantum Capital Management’s portfolio.New York State Common Retirement Fund reduced its stake in TRMB by selling 134,387 shares or 10.84% in the most recent quarter. The Hedge Fund company now holds 1,105,005 shares of TRMB which is valued at $30,641,789. Trimble Navigation Limited makes up approx 0.04% of New York State Common Retirement Fund’s portfolio.Blackrock Fund Advisors boosted its stake in TRMB in the latest quarter, The investment management firm added 421,545 additional shares and now holds a total of 8,900,853 shares of Trimble Navigation Limited which is valued at $246,820,654. Trimble Navigation Limited makes up approx 0.05% of Blackrock Fund Advisors’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in TRMB by selling 33,814 shares or 66.69% in the most recent quarter. The Hedge Fund company now holds 16,887 shares of TRMB which is valued at $446,492. Trimble Navigation Limited makes up approx 0.01% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

Trimble Navigation Limited opened for trading at $27.45 and hit $27.59 on the upside on Monday, eventually ending the session at $27.5, with a gain of 0.04% or 0.01 points. The heightened volatility saw the trading volume jump to 8,79,078 shares. Company has a market cap of $6,852 M.

On the company’s financial health, Trimble Navigation Limited reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.30. The company had revenue of $609.60 million for the quarter, compared to analysts expectations of $611.65 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Trimble Navigation Limited. Trimble Navigation Limited was Downgraded by JP Morgan to ” Neutral” on Jun 28, 2016. Company shares were Reiterated by Wedbush on Jun 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .Raymond James Initiated Trimble Navigation Limited on Jun 14, 2016 to “Outperform”, Price Target of the shares are set at $30.

Trimble Navigation Limited is a provider of 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 provides heavy civil construction building construction and geospatial solutions. The Field Solutions segment offers positioning systems automated application systems and data collection and integration systems. The Mobile Solutions segment includes its Transportation and Logistics and Field Service Management businesses. The Advanced Devices segment includes its Embedded Technologies Military and Advanced Systems and ThingMagic businesses. Its brands include Trimble PeopleNet GEOTrac and TMW. In addition it offers TILOS software which merges both location and schedule into one combined time and distance graphical view and FlexiCadastre software which provides land management solution.

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