It Seems Trimble Inc. (TRMB) Will Go Up. Formed A Few Months Double Top

December 7, 2017 - By Kurt Siggers

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.20, from 1.08 in 2017Q1. It improved, as 25 investors sold Trimble Inc. shares while 115 reduced holdings. 51 funds opened positions while 128 raised stakes. 223.17 million shares or 0.94% less from 225.30 million shares in 2017Q1 were reported.
Reliant Management Ltd Liability Corporation holds 2.65% or 95,675 shares in its portfolio. Ontario – Canada-based Bancshares Of Nova Scotia has invested 0% in Trimble Inc. (NASDAQ:TRMB). Patten Gru Inc, a Tennessee-based fund reported 50 shares. Alabama-based Retirement Of Alabama has invested 0.09% in Trimble Inc. (NASDAQ:TRMB). Guggenheim Cap Limited Liability Co holds 0.01% or 103,660 shares in its portfolio. State Bank Of America De invested 0.01% of its portfolio in Trimble Inc. (NASDAQ:TRMB). Moreover, Independent Port Consultants Incorporated has 0.03% invested in Trimble Inc. (NASDAQ:TRMB) for 2,001 shares. Northern reported 2.50M shares. Dekabank Deutsche Girozentrale stated it has 0.03% of its portfolio in Trimble Inc. (NASDAQ:TRMB). Df Dent & has invested 2.35% of its portfolio in Trimble Inc. (NASDAQ:TRMB). Nationwide Fund invested 0.13% of its portfolio in Trimble Inc. (NASDAQ:TRMB). Smithfield Co owns 1,000 shares or 0.01% of their US portfolio. Raymond James & Assoc holds 6,799 shares. Cipher Ltd Partnership accumulated 14,232 shares. Los Angeles Capital Mngmt & Equity reported 28,321 shares.

The chart of Trimble Inc. (TRMB) shows a double top with $43.73 target or 7.00 % above today’s $40.87 share price. The 9 months chart pattern indicates low risk for the $10.29 billion company. It was reported on Dec, 7 by If the $43.73 price target is reached, the company will be worth $720.23 million more. Double tops are rare but powerful chart patterns.

The stock increased 0.34% or $0.14 during the last trading session, reaching $40.87. About 932,852 shares traded. Trimble Inc. (NASDAQ:TRMB) has risen 51.45% since December 7, 2016 and is uptrending. It has outperformed by 34.75% the S&P500.

Analysts await Trimble Inc. (NASDAQ:TRMB) to report earnings on February, 14. They expect $0.31 earnings per share, up 10.71 % or $0.03 from last year’s $0.28 per share. TRMB’s profit will be $78.04 million for 32.96 P/E if the $0.31 EPS becomes a reality. After $0.35 actual earnings per share reported by Trimble Inc. for the previous quarter, Wall Street now forecasts -11.43 % negative EPS growth.

Trimble Inc. (NASDAQ:TRMB) Ratings Coverage

Among 17 analysts covering Trimble Navigation Limited (NASDAQ:TRMB), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Trimble Navigation Limited had 35 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Trimble Inc. (NASDAQ:TRMB) has “Buy” rating given on Friday, September 29 by Piper Jaffray. Oppenheimer maintained the shares of TRMB in report on Tuesday, June 13 with “Buy” rating. The stock of Trimble Inc. (NASDAQ:TRMB) has “Neutral” rating given on Friday, November 20 by Goldman Sachs. The firm has “Hold” rating by Craig Hallum given on Wednesday, August 5. The firm has “Outperform” rating by FBR Capital given on Wednesday, May 11. Craig Hallum maintained the shares of TRMB in report on Thursday, February 9 with “Hold” rating. Piper Jaffray maintained it with “Buy” rating and $43.0 target in Friday, August 25 report. The stock of Trimble Inc. (NASDAQ:TRMB) earned “Outperform” rating by Raymond James on Tuesday, June 14. The stock has “Buy” rating by Piper Jaffray on Friday, October 27. The rating was maintained by Wedbush with “Outperform” on Friday, June 24.

Another recent and important Trimble Inc. (NASDAQ:TRMB) news was published by which published an article titled: “Siemens, Trimble, Moody’s breached by Chinese hackers, US charges” on November 27, 2017.

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