Traders Purchase High Volume of Put Options on Trimble (NASDAQ:TRMB)

Trimble Inc. (NASDAQ:TRMB) saw unusually large options trading on Thursday. Stock traders acquired 5,053 put options on the company. This represents an increase of approximately 555% compared to the average daily volume of 772 put options.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler decreased their price target on Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen raised Trimble from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays cut their target price on shares of Trimble from $103.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, May 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Trimble in a research note on Tuesday, July 7th. Finally, Raymond James Financial cut shares of Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.78.

Institutional Trading of Trimble

A number of hedge funds have recently modified their holdings of the company. Peapack Gladstone Financial Corp boosted its stake in Trimble by 2.6% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock worth $381,000 after acquiring an additional 125 shares during the last quarter. Fiduciary Trust Co raised its holdings in Trimble by 1.9% in the third quarter. Fiduciary Trust Co now owns 8,272 shares of the scientific and technical instruments company’s stock worth $675,000 after purchasing an additional 151 shares during the period. Larson Financial Group LLC raised its holdings in Trimble by 11.1% in the third quarter. Larson Financial Group LLC now owns 1,547 shares of the scientific and technical instruments company’s stock worth $126,000 after purchasing an additional 155 shares during the period. Sumitomo Life Insurance Co. boosted its position in shares of Trimble by 0.4% during the fourth quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock worth $3,098,000 after purchasing an additional 169 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Trimble by 55.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 169 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Trading Down 3.8%

Shares of NASDAQ:TRMB traded down $2.21 during midday trading on Thursday, hitting $56.03. The company had a trading volume of 318,420 shares, compared to its average volume of 2,382,274. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. Trimble has a 12 month low of $47.92 and a 12 month high of $87.50. The firm has a fifty day simple moving average of $52.91 and a 200 day simple moving average of $61.93. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.94 and a beta of 1.38.

Trimble (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Trimble had a return on equity of 11.61% and a net margin of 12.38%.The business had revenue of $939.90 million during the quarter, compared to the consensus estimate of $905.60 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Trimble has set its Q2 2026 guidance at 0.780-0.820 EPS and its FY 2026 guidance at 3.470-3.640 EPS. On average, analysts predict that Trimble will post 3.01 EPS for the current year.

Trimble Company Profile

Trimble Inc (NASDAQ: TRMB) is a technology company that develops hardware, software and services to improve the productivity and connectivity of customers across the construction, agriculture, geospatial, transportation and logistics, and natural resources sectors. The company’s offerings center on advanced positioning technologies — including GNSS/GPS receivers, inertial sensors and laser scanning — integrated with application-specific software and cloud services to enable precise measurement, modeling, machine control and workflow automation for field and office operations.

Trimble’s product portfolio spans surveying and geospatial instruments (total stations, mobile mapping and terrestrial laser scanners), construction solutions (machine control systems, site positioning and estimating), agriculture systems (auto-steer, guidance and application-control platforms), and fleet and transportation telematics.