Trimble Navigation Limited (TRMB) : Stone Run Capital reduced its stake in Trimble Navigation Limited by 12.68% during the most recent quarter end. The investment management company now holds a total of 113,620 shares of Trimble Navigation Limited which is valued at $3,150,683 after selling 16,500 shares in Trimble Navigation Limited , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Trimble Navigation Limited makes up approximately 1.97% of Stone Run Capital’s portfolio.
Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in TRMB by selling 1,223,459 shares or 39.22% in the most recent quarter. The Hedge Fund company now holds 1,895,741 shares of TRMB which is valued at $52,568,898. Trimble Navigation Limited makes up approx 0.01% of Price T Rowe Associates Inc Md’s portfolio.Renaissance Technologies reduced its stake in TRMB by selling 678,444 shares or 85.92% in the most recent quarter. The Hedge Fund company now holds 111,200 shares of TRMB which is valued at $3,083,576. Trimble Navigation Limited makes up approx 0.01% of Renaissance Technologies’s portfolio.Tiaa Cref Investment Management reduced its stake in TRMB by selling 38,163 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 781,168 shares of TRMB which is valued at $21,661,789. Trimble Navigation Limited makes up approx 0.02% of Tiaa Cref Investment Management’s portfolio. Dynamic Technology Lab Private Ltd added TRMB to its portfolio by purchasing 19,303 company shares during the most recent quarter which is valued at $535,272. Trimble Navigation Limited makes up approx 0.14% of Dynamic Technology Lab Private Ltd’s portfolio.
Trimble Navigation Limited closed down -0.06 points or -0.22% at $27.34 with 11,80,642 shares getting traded on Thursday. Post opening the session at $27.37, the shares hit an intraday low of $27.135 and an intraday high of $27.51 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.