JP Morgan Downgrades Trimble Navigation Limited to Neutral

Brokerage firm JP Morgan Downgrades its rating on Trimble Navigation Limited(NASDAQ:TRMB). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by JP Morgan was issued on Jun 28, 2016.

In a different note, Raymond James said it Initiates Coverage on Trimble Navigation Limited, according to a research note issued on Jun 14, 2016. The shares have been rated ‘Outperform’ by the firm. FBR Capital said it Initiates Coverage on Trimble Navigation Limited, according to a research note issued on May 11, 2016. The shares have been rated ‘Outperform’ by the firm.

Trimble Navigation Limited (TRMB) made into the market gainers list on Fridays trading session with the shares advancing 0.82% or 0.2 points. Due to strong positive momentum, the stock ended at $24.56, which is also near the day’s high of $24.81. The stock began the session at $24.39 and the volume stood at 14,48,536 shares. The 52-week high of the shares is $27.79 and the 52 week low is $15.9. The company has a current market capitalization of $6,166 M and it has 25,10,73,520 shares in outstanding.

Trimble Navigation Limited(TRMB) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $583.00M. Analysts had an estimated revenue of $580.37M. Earnings per share were $0.25. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, James A Kirkland (Vice President) sold 512 shares at $24.81 per share price.Also, On May 11, 2016, Chris Gibson (Vice President) sold 2,800 shares at $23.22 per share price.On May 9, 2016, Steven W Berglund (President & CEO) sold 200,000 shares at $23.21 per share price, according to the Form-4 filing with the securities and exchange commission.

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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