Trimble stock: buy or sell?
August 19th, 2019
Trimble Inc. provides technology solutions to enhance the work processes of office and mobile field professionals worldwide.
Should I buy Trimble stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to choose your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Trimble stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Trimble stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 4 ratings published for TRMB stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-10||JPMorgan Chase & Co.||Overweight||Neutral|
|2019-1-10||JPMorgan Chase & Co.||Neutral||Overweight|
Trimble stock analysis
Trimble shares rose 1.74% to $37.98 today.
On July, TRMB hit a new all time high, pushing higher than tops. Check different trading setups that use ATHs as triggers. Trimble shares rose 1.74% to $37.98 today. For the last 10 days when TRMB stock price broke down the SMA200d line, it slid $-1.36 per share (-3.46%). Since May when SMA100d and SMA200d crossed up, TRMB price slipped $-1.53 per share (-3.87%). TRMB marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $39.38 would break this short term down trend and open possibilities for reversing this situation.
Shares of Trimble gained a beatiful 1.74% this week. Late July TRMB collapsed a chilling -16.71% in just one week.
Not so far away is the last all-time high Trimble marked early July, but since then it dropped a 17.88%. Since late July, when TRMB stock price broke down the 40-weeks moving avarage line, it slid $-6.85 per share (-15.28%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support. Since mid May when SMA20w and SMA40w crossed up, TRMB price slipped $-4.18 per share (-9.91%).
Trimble stock price history
Trimble IPO was on July 20th, 1990 at $1.71 per share1. Since then, TRMB stock surged a 2,121.10%, with a yearly average of 73.10%. If you had invested right after TRMB's IPO a $1,000 in Trimble stock in 1990, it would worth $21,211.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Trimble stock historical price chart
TRMB stock reached all-time highs on July with a price of $46.25.
Trimble stock price target is $35.00Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We have 2 price forecasts for TRMB stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-1||Craig Hallum||Lowers Target||$36.00||$35.00||-2.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Trimble matched the estimates of the analysts and posted an EPS of $0.41 per share. As soon as we get its posted EPS from the earnings report, we will extend this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an astounding increase of 17.45% to $3,108.40 million USD. On the other hand, its income margin (compared to sales) stepped up to 9.10%, that is $282.80 million.
|2013||$2,290 M||-||$219 M9.6%||-|
|2014||$2,396 M||4.61%||$214 M8.9%||-2.17%|
|2015||$2,290 M||-4.39%||$121 M5.3%||-43.44%|
|2016||$2,362 M||3.13%||$132 M5.6%||9.33%|
|2017||$2,647 M||12.04%||$118 M4.5%||-10.57%|
|2018||$3,108 M||17.45%||$283 M9.1%||138.85%|
Quarterly financial resultsTrimble reported $785.50 M in revenues for 2018-Q4, a -1.22% less compared to previous quarter. Reported quarter income marked $86.50 million with a profit margin of 11.01%. Profit margin appreciated a 1.74% compared to previous quarter when profit margin was 9.27%. When comparing turnover to same quarter last year, Trimble sales marked a superb gain and rocketed a 11.02%.
|2017-Q2||$662 M||-||$50 M7.5%||-|
|2017-Q3||$670 M||1.22%||$56 M8.3%||11.62%|
|2017-Q4||$708 M||5.60%||$-33 M-4.7%||-159.61%|
|2018-Q1||$742 M||4.90%||$59 M7.9%||-276.20%|
|2018-Q2||$786 M||5.83%||$64 M8.2%||9.57%|
|2018-Q3||$795 M||1.23%||$74 M9.3%||14.98%|
|2018-Q4||$786 M||-1.22%||$87 M11.0%||17.37%|
|2019-Q1||$802 M||2.05%||$62 M7.8%||-27.98%|
Trimble ownershipWhen you are planning to invest in shares of a company, it's always worth to review its ownership structure.
Trimble shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.44% of all shares.
Bearish positions for TRMB stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Trimble:
|Market cap||$9.6 B||$31.7 B||$98.5 B||$868.6 M||$14.7 B|
|Total shares||251.6 M||219.6 M||701.9 M||17.3 M||189.9 M|
|Float shares||250.5 M||219.3 M||636.3 M||17.1 M||148.8 M|
|- Institutional holdings (%)||97.1%||98.7%||79.9%||102.5%||47.1%|
|- Insider holdings (%)||0.4%||0.2%||11.4%||2.0%||31.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, August 19th, 2019|
|Day range||$37.67 - $38.29|
|Average true range||$1.54|
|50d mov avg||$42.47|
|100d mov avg||$41.70|
|200d mov avg||$39.28|
Trimble performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected Autodesk, Danaher, FARO Technologies, Garmin, Honeywell International, L3 Technologies, 3M and Motorola Solutions as the bechmarking frame for Trimble stock.