Trimble stock: buy or sell?

TRMB stock price: $37.98 1.74% At close on August 19th, 2019

Updated on:
August 19th, 2019

2

Shares of Trimble ended today at $37.98 and rose a fine 1.74%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.

Is TRMB a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-1Craig HallumHoldHold
2019-8-1Craig HallumHoldHold
2019-7-10JPMorgan Chase & Co.OverweightNeutral
2019-1-10JPMorgan Chase & Co.NeutralOverweight

Trimble stock analysis

Daily outlook

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.

TRMB stock chart (daily)

Weekly outlook

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%).

TRMB stock chart (weekly)

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 $35.00

Nobody 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:
TRMB stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-1Craig HallumReiterates$36.00$35.00-2.8%
2019-8-1Craig HallumLowers Target$36.00$35.00-2.8%
(in average)$36.00$35.00-3.0%
Moving in a range from $35.00 and $35.00, the price prediction for TRMB stock is $35.00. In average, analysts' outlook on TRMB price forecast is negative, reducing the forecast by a -3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
TRMB earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.22n/a
2017-Q32017-10-260.370.395.4%
2017-Q42018-02-080.370.395.4%
2018-Q12018-05-070.340.3914.7%
2018-Q22018-08-010.390.4412.8%
2018-Q32018-11-010.40.437.5%
2018-Q42019-02-060.40.412.5%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared 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.

TRMB annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,290 M-$219 M9.6%-
2014$2,396 M4.61%$214 M8.9%-2.17%
2015$2,290 M-4.39%$121 M5.3%-43.44%
2016$2,362 M3.13%$132 M5.6%9.33%
2017$2,647 M12.04%$118 M4.5%-10.57%
2018$3,108 M17.45%$283 M9.1%138.85%

Quarterly financial results

Trimble 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%.
TRMB quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$662 M-$50 M7.5%-
2017-Q3$670 M1.22%$56 M8.3%11.62%
2017-Q4$708 M5.60%$-33 M-4.7%-159.61%
2018-Q1$742 M4.90%$59 M7.9%-276.20%
2018-Q2$786 M5.83%$64 M8.2%9.57%
2018-Q3$795 M1.23%$74 M9.3%14.98%
2018-Q4$786 M-1.22%$87 M11.0%17.37%
2019-Q1$802 M2.05%$62 M7.8%-27.98%

Trimble ownership

When 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:

TRMBADSKDHRFAROGRMN
Market cap$9.6 B$31.7 B$98.5 B$868.6 M$14.7 B
Total shares251.6 M219.6 M701.9 M17.3 M189.9 M
Float shares250.5 M219.3 M636.3 M17.1 M148.8 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 selling0.0%0.0%0.0%0.0%0.0%

Trimble summary

Monday, August 19th, 2019
Open$36.67
Close$37.98
Day range$37.67 - $38.29
Previous close$37.33
Session gain1.74%
Average true range$1.54
50d mov avg$42.47
100d mov avg$41.70
200d mov avg$39.28
Daily patternlb06a
Weekly pattern

Trimble performance

Performance 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.
Stock3m6m12m
TRMBTrimble-6.59%-5.05%-7.37%
ADSKAutodesk-17.32%-10.12%8.90%
DHRDanaher7.19%26.49%40.14%
FAROFARO Technologies3.17%6.30%-24.46%
GRMNGarmin-0.54%9.21%21.59%
HONHoneywell Interna...-0.02%9.31%12.15%
LLLL3 Technologies19.23%45.97%29.50%
MMM3M-1.01%-20.80%-18.12%
MSIMotorola Solution...17.78%27.26%41.85%

Trimble competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for Trimble. We selected 8 companies as Trimble competitors as they are in the same industry or have similar market objectives.