Breaking: Is Buying 52-Week Stock Like Trimble Navigation Limited a Winning Strategy?

Breaking: Is Buying 52 Week Stock Like Trimble Navigation Limited a Winning Strategy?

The stock of Trimble Navigation Limited (NASDAQ:TRMB) hit a new 52-week high and has $39.12 target or 35.00% above today’s $28.98 share price. The 5 months bullish chart indicates low risk for the $7.35 billion company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $39.12 price target is reached, the company will be worth $2.57 billion 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 115,062 shares traded hands. Trimble Navigation Limited (NASDAQ:TRMB) has risen 18.73% since March 15, 2016 and is uptrending. It has outperformed by 13.25% 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 $68.48M for 26.83 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. $32 is the highest target while $19 is the lowest. The $25.57 average target is -11.77% below today’s ($28.98) stock price. Trimble Navigation Limited has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Trimble Navigation Limited (NASDAQ:TRMB) has “Outperform” rating given on Tuesday, June 14 by Raymond James. JP Morgan maintained the shares of TRMB in a report on Friday, September 25 with “Overweight” rating. FBR Capital initiated the stock with “Outperform” rating in Wednesday, May 11 report. Robert W. Baird maintained the shares of TRMB in a report on Monday, October 5 with “Neutral” rating. Craig Hallum maintained the shares of TRMB in a report on Wednesday, August 5 with “Hold” rating. The firm has “Neutral” rating given on Friday, November 20 by Goldman Sachs. Morgan Stanley initiated Trimble Navigation Limited (NASDAQ:TRMB) on Monday, September 21 with “Equal Weight” rating. The rating was initiated by Oppenheimer on Thursday, December 10 with “Outperform”. The stock has “Outperform” rating given by Wedbush on Wednesday, December 2. The firm has “Neutral” rating by JP Morgan given on Tuesday, June 28.

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.
Texas Permanent School Fund has invested 0.06% of its portfolio in Trimble Navigation Limited (NASDAQ:TRMB). Qs Investors Llc holds 37 shares or 0% of its portfolio. Allianz Asset Mgmt Ag holds 0.01% or 481,247 shares in its portfolio. The Delaware-based Kalmar Investments De has invested 0.49% in Trimble Navigation Limited (NASDAQ:TRMB). Advsrs Asset Mngmt last reported 36,688 shares in the company. Washington Trust has invested 0.04% of its portfolio in Trimble Navigation Limited (NASDAQ:TRMB). The Ontario – Canada-based Agf Invs has invested 0% in Trimble Navigation Limited (NASDAQ:TRMB). Clinton Group Incorporated last reported 88,138 shares in the company. Signaturefd has 33 shares for 0% of their US portfolio. The Pennsylvania-based Smithfield has invested 0% in Trimble Navigation Limited (NASDAQ:TRMB). Stifel has 0.04% invested in the company for 328,185 shares. The Ohio-based Meeder Asset has invested 0% in Trimble Navigation Limited (NASDAQ:TRMB). Nomura Asset Mgmt has 26,820 shares for 0.01% of their US portfolio. Agf Investments America has invested 0.84% of its portfolio in Trimble Navigation Limited (NASDAQ:TRMB). Veritable L P holds 0.03% of its portfolio in Trimble Navigation Limited (NASDAQ:TRMB) for 54,304 shares.

Insider Transactions: Since May 3, 2016, the stock had 0 insider purchases, and 18 sales for $23.09 million net activity. 11,919 shares were sold by PAINTER ROBERT G, worth $320,025. Another trade for 10,953 shares valued at $302,303 was sold by PEEK MARK S. KIRKLAND JAMES A sold 10,450 shares worth $291,973. 16,700 shares with value of $434,200 were sold by Kliem Jurgen on Wednesday, July 20. BERGLUND STEVEN W had sold 36,000 shares worth $987,602. MATTHEWS DARRYL R had sold 5,714 shares worth $156,506. VANDE STEEG NICKOLAS sold $696,780 worth of stock or 25,200 shares.

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.

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