Trimble Sees Unusually Large Options Volume (NASDAQ:TRMB)

Trimble Inc. (NASDAQ:TRMB) was the target of some unusual options trading activity on Monday. Stock traders acquired 16,767 put options on the stock. This represents an increase of approximately 870% compared to the typical volume of 1,729 put options.

Trimble Price Performance

Shares of NASDAQ TRMB traded down $0.69 during trading on Monday, reaching $64.84. The company had a trading volume of 244,703 shares, compared to its average volume of 1,366,372. Trimble has a 52 week low of $48.65 and a 52 week high of $77.78. The business’s 50 day moving average price is $72.15 and its 200-day moving average price is $69.03. The stock has a market cap of $15.94 billion, a PE ratio of 10.65, a PEG ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Insider Activity at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,421 shares of company stock worth $831,683. Company insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Crowley Wealth Management Inc. acquired a new stake in shares of Trimble in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in Trimble in the fourth quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Trimble during the 4th quarter valued at about $36,000. TD Private Client Wealth LLC boosted its stake in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Trimble by 164.8% during the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after buying an additional 422 shares during the period. Institutional investors own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TRMB shares. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Oppenheimer upped their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Robert W. Baird lifted their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $86.00.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.