November 29, 2016 - By Louis Casey · 0 Comments
Trimble Navigation LTD (NASDAQ:TRMB) institutional sentiment decreased to 1.03 in 2016 Q2. Its down -0.10, from 1.13 in 2016Q1. The ratio dived, as 152 investment managers started new or increased positions, while 134 cut down and sold their stock positions in Trimble Navigation LTD. The investment managers in our partner’s database now hold: 219.42 million shares, down from 226.72 million shares in 2016Q1. Also, the number of investment managers holding Trimble Navigation LTD in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 25 Reduced: 109 Increased: 118 New Position: 34.
Trimble Inc., formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The company has a market cap of $7.03 billion. The Firm has four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. It has a 62.04 P/E ratio. The Engineering and Construction segment serves clients working in engineering and construction, among others.
About 197,568 shares traded hands. Trimble Inc (NASDAQ:TRMB) has risen 9.30% since April 26, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
Analysts await Trimble Inc (NASDAQ:TRMB) to report earnings on February, 14. They expect $0.26 earnings per share, up 13.04% or $0.03 from last year’s $0.23 per share. TRMB’s profit will be $64.36 million for 27.31 P/E if the $0.26 EPS becomes a reality. After $0.29 actual earnings per share reported by Trimble Inc for the previous quarter, Wall Street now forecasts -10.34% negative EPS growth.
According to Zacks Investment Research, “Trimble Inc. is a provider of technology solutions for professionals and field mobile workers. The Company’s operating segment consists of Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. It integrates positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions. Trimble Inc., formerly known as Trimble Navigation Limited, is headquartered in Sunnyvale, California.”
Robecosam Usa Inc. holds 2.76% of its portfolio in Trimble Inc for 91,076 shares. Lodge Hill Capital Llc owns 1.14 million shares or 2.7% of their US portfolio. Moreover, Cornerstone Capital Inc. has 2.34% invested in the company for 441,455 shares. The United Kingdom-based Impax Asset Management Ltd has invested 2.29% in the stock. Reliant Investment Management Llc, a Tennessee-based fund reported 101,370 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 22 sales for $29.62 million net activity.
Ratings analysis reveals 55% of Trimble Navigation Limited’s analysts are positive. Out of 11 Wall Street analysts rating Trimble Navigation Limited, 6 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $19 while the high is $32. The stock’s average target of $25.75 is -9.33% below today’s ($28.4) share price. TRMB was included in 16 notes of analysts from August 5, 2015. The firm earned “Outperform” rating on Friday, June 24 by Wedbush. The rating was initiated by Oppenheimer with “Outperform” on Thursday, December 10. As per Friday, November 20, the company rating was upgraded by Goldman Sachs. The firm earned “Buy” rating on Friday, November 4 by Dougherty & Company. As per Friday, October 30, the company rating was upgraded by Robert W. Baird. The stock has “Outperform” rating given by Wedbush on Friday, April 29. Robert W. Baird maintained the shares of TRMB in a report on Monday, October 5 with “Neutral” rating. As per Monday, September 21, the company rating was initiated by Morgan Stanley. The firm has “Outperform” rating by Wedbush given on Wednesday, December 2. The firm has “Outperform” rating by FBR Capital given on Wednesday, May 11.
Trimble Inc., formerly Trimble Navigation Limited, incorporated on January 1, 1981, provides technology solutions for professionals and field mobile workers. The Firm has four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves clients working in architecture, engineering, construction, geospatial and government. The Field Solutions segment provides solutions for the farming, government and consumer markets, with its products focused on agriculture and geographic information systems (GIS). The Mobile Solutions segment provides solutions that enable end-users to monitor and manage their mobile work, mobile workers and mobile assets in the areas of transportation and logistics and field services management. The Advanced Devices segment consists of the Embedded Technologies, Timing, Applanix, Military and Advanced Systems, and ThingMagic businesses.
Another recent and important Trimble Inc (NASDAQ:TRMB) news was published by Nasdaq.com which published an article titled: “Trimble Inc (TRMB) President & CEO Steven W Berglund Sold $5.7 million of Shares” on November 25, 2016.
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By Louis Casey