Johanson Financial Advisors Lowers stake in Trimble Navigation Limited (TRMB)

Trimble Navigation Limited (TRMB) : Johanson Financial Advisors reduced its stake in Trimble Navigation Limited by 14.84% during the most recent quarter end. The investment management company now holds a total of 172,166 shares of Trimble Navigation Limited which is valued at $4,910,174 after selling 30,000 shares in Trimble Navigation Limited , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Trimble Navigation Limited makes up approximately 5.34% of Johanson Financial Advisors’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in TRMB in the latest quarter, The investment management firm added 377 additional shares and now holds a total of 74,951 shares of Trimble Navigation Limited which is valued at $2,137,603. Trimble Navigation Limited makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.British Columbia Investment Management Corp boosted its stake in TRMB in the latest quarter, The investment management firm added 1,383 additional shares and now holds a total of 102,123 shares of Trimble Navigation Limited which is valued at $2,874,762. Trimble Navigation Limited makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.Capstone Asset Management Co boosted its stake in TRMB in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 20,826 shares of Trimble Navigation Limited which is valued at $586,252. Trimble Navigation Limited makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Cutler Group Lp boosted its stake in TRMB in the latest quarter, The investment management firm added 3,403 additional shares and now holds a total of 4,803 shares of Trimble Navigation Limited which is valued at $137,366. Trimble Navigation Limited makes up approx 0.01% of Cutler Group Lp’s portfolio. Franklin Street Advisors Inc Nc added TRMB to its portfolio by purchasing 60,810 company shares during the most recent quarter which is valued at $1,741,598. Trimble Navigation Limited makes up approx 0.32% of Franklin Street Advisors Inc Nc’s portfolio.

Trimble Navigation Limited opened for trading at $28.51 and hit $28.82 on the upside on Friday, eventually ending the session at $28.52, with a gain of 0.35% or 0.1 points. The heightened volatility saw the trading volume jump to 22,82,317 shares. Company has a market cap of $7,106 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. Dougherty & Company Resumed Trimble Navigation Limited on Sep 12, 2016 to “Buy”, Price Target of the shares are set at $32.

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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