Bullish Chart Formation for Trimble Inc. (TRMB) After Forming Bullish Double Top

December 7, 2017 - By Marie Mckinney

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.20, from 1.08 in 2017Q1. It increased, 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.
Westover Capital Advsr Llc accumulated 0.82% or 35,126 shares. Dimensional Fund Advsr Ltd Partnership invested 0.02% of its portfolio in Trimble Inc. (NASDAQ:TRMB). First Personal Fin Services stated it has 0% of its portfolio in Trimble Inc. (NASDAQ:TRMB). Barometer Mgmt reported 0.1% in Trimble Inc. (NASDAQ:TRMB). Oakbrook Invs Ltd Liability Corp stated it has 12,420 shares or 0.03% of all its holdings. Moreover, Bank Of Montreal Can has 0% invested in Trimble Inc. (NASDAQ:TRMB) for 33,644 shares. Legal And General Grp Public Limited invested in 0.04% or 1.27 million shares. Bnp Paribas Arbitrage Sa invested 0.01% of its portfolio in Trimble Inc. (NASDAQ:TRMB). American Century Cos has invested 0.06% in Trimble Inc. (NASDAQ:TRMB). Clinton Group holds 16,430 shares. Livforsakringsbolaget Skandia Omsesidigt has 0.02% invested in Trimble Inc. (NASDAQ:TRMB) for 5,234 shares. Reliance Trust Of Delaware has invested 0.03% of its portfolio in Trimble Inc. (NASDAQ:TRMB). California-based California Pub Employees Retirement System has invested 0.03% in Trimble Inc. (NASDAQ:TRMB). Ngam Advsrs L P, Massachusetts-based fund reported 28,099 shares. Iowa-based Principal Financial Group has invested 0.05% in Trimble Inc. (NASDAQ:TRMB).

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 Finviz.com. 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 EPS, 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 EPS 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 firm has “Outperform” rating given on Tuesday, June 14 by Raymond James. The company was maintained on Thursday, February 9 by Needham. Oppenheimer maintained the shares of TRMB in report on Tuesday, August 8 with “Buy” rating. The stock of Trimble Inc. (NASDAQ:TRMB) has “Buy” rating given on Friday, November 4 by Dougherty & Company. The rating was maintained by Piper Jaffray on Monday, July 24 with “Buy”. Morgan Stanley initiated Trimble Inc. (NASDAQ:TRMB) on Monday, September 21 with “Equal Weight” rating. The rating was maintained by Wedbush with “Outperform” on Friday, June 24. FBR Capital initiated the shares of TRMB in report on Wednesday, May 11 with “Outperform” rating. The firm has “Hold” rating by Craig Hallum given on Thursday, February 9. The stock of Trimble Inc. (NASDAQ:TRMB) has “Outperform” rating given on Wednesday, December 2 by Wedbush.

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

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.