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

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

Wall Street Analysts Forecast Growth

TRMB has been the subject of several research reports. Barclays reduced their target price on Trimble from $103.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, May 29th. Piper Sandler lowered their target price on shares of Trimble from $97.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Wells Fargo & Company decreased their price objective on Trimble from $70.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Finally, Weiss Ratings lowered Trimble from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.78.

Trimble Price Performance

Shares of Trimble stock opened at $56.58 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 1.90 and a beta of 1.38. Trimble has a 1-year low of $47.92 and a 1-year high of $87.50. The firm’s 50-day moving average price is $52.94 and its two-hundred day moving average price is $61.73.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Trimble had a net margin of 12.38% and a return on equity of 11.61%. The business had revenue of $939.90 million during the quarter, compared to analyst estimates of $905.60 million. During the same quarter last year, the business posted $0.61 earnings per share. Trimble’s revenue for the quarter was up 11.8% compared to the same quarter last year. 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, equities analysts predict that Trimble will post 3.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trimble

Institutional investors have recently modified their holdings of the business. Peapack Gladstone Financial Corp boosted its position in shares of Trimble by 2.6% during the second quarter. Peapack Gladstone Financial Corp now owns 5,008 shares of the scientific and technical instruments company’s stock valued at $381,000 after buying an additional 125 shares during the period. Fiduciary Trust Co raised its holdings in shares of 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 buying an additional 151 shares during the period. Larson Financial Group LLC raised its holdings in shares of 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 buying an additional 155 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Trimble by 55.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 474 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its holdings in Trimble by 0.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 39,540 shares of the scientific and technical instruments company’s stock valued at $3,098,000 after acquiring an additional 169 shares during the period. Institutional investors own 93.21% of the company’s stock.

About Trimble

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.