The stock of Trimble Navigation Limited (NASDAQ:TRMB) hit a new 52-week high and has $36.21 target or 27.00% above today’s $28.51 share price. The 6 months bullish chart indicates low risk for the $7.02 billion company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $36.21 price target is reached, the company will be worth $1.90B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 446,290 shares traded hands. Trimble Navigation Limited (NASDAQ:TRMB) has risen 19.30% since February 26, 2016 and is uptrending. It has outperformed by 8.88% the S&P500.
Analysts await Trimble Navigation Limited (NASDAQ:TRMB) to report earnings on November, 3. They expect $0.27 earnings per share, up 3.85% or $0.01 from last year’s $0.26 per share. TRMB’s profit will be $66.48 million for 26.40 P/E if the $0.27 EPS becomes a reality. After $0.26 actual earnings per share reported by Trimble Navigation Limited for the previous quarter, Wall Street now forecasts 3.85% EPS growth.
Trimble Navigation Limited (NASDAQ:TRMB) Ratings Coverage
Out of 10 analysts covering Trimble Navigation Limited (NASDAQ:TRMB), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Trimble Navigation Limited has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Wedbush maintained Trimble Navigation Limited (NASDAQ:TRMB) rating on Friday, April 29. Wedbush has “Outperform” rating and $27 price target. The rating was maintained by Robert W. Baird with “Neutral” on Monday, October 5. The company was initiated on Wednesday, May 11 by FBR Capital. On Friday, June 24 the stock rating was maintained by Wedbush with “Outperform”. On Thursday, December 10 the stock rating was initiated by Oppenheimer with “Outperform”. The firm has “Outperform” rating by Raymond James given on Tuesday, June 14. Morgan Stanley initiated Trimble Navigation Limited (NASDAQ:TRMB) on Monday, September 21 with “Equal Weight” rating. M Partners downgraded the shares of TRMB in a report on Wednesday, August 5 to “Neutral” rating. The stock has “Neutral” rating given by Goldman Sachs on Friday, November 20. JP Morgan downgraded the shares of TRMB in a report on Tuesday, June 28 to “Neutral” rating.
According to Zacks Investment Research, “Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location-including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.02, from 1.15 in 2016Q1. The ratio dropped, as 25 funds sold all Trimble Navigation Limited shares owned while 109 reduced positions. 34 funds bought stakes while 118 increased positions. They now own 219.42 million shares or 3.22% less from 226.72 million shares in 2016Q1.
Eulav Asset Mgmt reported 60,800 shares or 0.08% of all its holdings. Vident Invest Advisory Ltd Liability Corporation accumulated 36,659 shares or 0.13% of the stock. Employees Retirement Sys Of Texas reported 249,000 shares or 0.08% of all its holdings. Kornitzer Capital Mngmt Ks holds 212,920 shares or 0.09% of its portfolio. Profund Advsrs Lc last reported 0.05% of its portfolio in the stock. Morgan Stanley holds 386,370 shares or 0% of its portfolio. Goldman Sachs Group Inc last reported 0.01% of its portfolio in the stock. Delta Lloyd Nv holds 16,872 shares or 0.01% of its portfolio. Spears Abacus Advsrs Limited Liability Corporation owns 52,000 shares or 0.16% of their US portfolio. Chilton Lc has 24,909 shares for 0.06% of their US portfolio. Moreover, Wendell David Assocs has 0.07% invested in Trimble Navigation Limited (NASDAQ:TRMB) for 14,160 shares. Globeflex Cap L P accumulated 0.21% or 31,580 shares. National Bank Of New York Mellon Corp reported 13.44M shares or 0.1% of all its holdings. Df Dent & Communication Inc accumulated 2% or 2.92M shares. Price T Rowe Associate Inc Md reported 1.90 million shares or 0.01% of all its holdings.
Insider Transactions: Since May 3, 2016, the stock had 0 insider purchases, and 18 selling transactions for $23.09 million net activity. KIRKLAND JAMES A sold $33,648 worth of Trimble Navigation Limited (NASDAQ:TRMB) on Tuesday, May 24. PAINTER ROBERT G sold $320,025 worth of stock. On Monday, August 15 Kliem Jurgen sold $784,000 worth of the stock or 28,000 shares. 200,000 shares with value of $4.64 million were sold by BERGLUND STEVEN W on Thursday, May 5. PEEK MARK S sold $302,303 worth of Trimble Navigation Limited (NASDAQ:TRMB) on Wednesday, August 10. The insider Gibson Chris sold $3.62 million. $156,506 worth of Trimble Navigation Limited (NASDAQ:TRMB) shares were sold by MATTHEWS DARRYL R.
TRMB Company Profile
Trimble Navigation Limited, incorporated on January 1, 1981, is a well-known provider of technology solutions for professionals and field mobile workers to transform work processes. The Firm operates through four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Company’s products include equipment that automates large industrial equipment, such as tractors and bulldozers; integrated systems that track fleets of vehicles and workers and provide information and analytics to the back-office; data collection systems that enable the management of geo-referenced information; software solutions that connect all aspects of a construction site or a farm, and building information modeling (BIM) software that is used throughout the design, build and operation of buildings. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, environmental management, government, natural resources, transportation and utilities. The Company’s global activities include development, manufacturing or logistics activities in the United States, Sweden, Finland, Germany, New Zealand, Canada, the United Kingdom, the Netherlands, China and India.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.