Trimble Sees Unusually High Options Volume (TRMB)

Trimble Inc (NASDAQ:TRMB) was the target of some unusual options trading on Monday. Investors bought 1,787 put options on the stock. This represents an increase of 2,079% compared to the average volume of 82 put options.

Trimble stock opened at $35.87 on Tuesday. The company has a market cap of $9.29 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 2.21 and a beta of 2.42. Trimble has a 52-week low of $32.01 and a 52-week high of $45.70. The company has a current ratio of 1.93, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $785.50 million for the quarter, compared to analysts’ expectations of $776.31 million. Trimble had a return on equity of 15.46% and a net margin of 4.93%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. As a group, sell-side analysts forecast that Trimble will post 1.62 EPS for the current year.



Several analysts recently commented on TRMB shares. BidaskClub upgraded Trimble from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine upgraded Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Finally, Zacks Investment Research cut Trimble from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Trimble has an average rating of “Hold” and a consensus price target of $42.50.

In related news, VP Bryn Fosburgh sold 38,195 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $40.21, for a total value of $1,535,820.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert G. Painter sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $38.87, for a total value of $29,152.50. Following the completion of the sale, the chief financial officer now owns 10,888 shares in the company, valued at $423,216.56. The disclosure for this sale can be found here. Insiders sold 110,501 shares of company stock worth $4,482,076 over the last quarter. 0.36% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of Trimble by 32.8% during the first quarter. LPL Financial LLC now owns 14,045 shares of the scientific and technical instruments company’s stock worth $504,000 after purchasing an additional 3,467 shares during the period. Millennium Management LLC raised its position in shares of Trimble by 21.7% during the first quarter. Millennium Management LLC now owns 442,256 shares of the scientific and technical instruments company’s stock worth $15,868,000 after purchasing an additional 78,714 shares during the period. WINTON GROUP Ltd raised its position in shares of Trimble by 235.7% during the first quarter. WINTON GROUP Ltd now owns 25,905 shares of the scientific and technical instruments company’s stock worth $929,000 after purchasing an additional 18,188 shares during the period. Principal Financial Group Inc. raised its position in shares of Trimble by 1.2% during the first quarter. Principal Financial Group Inc. now owns 1,095,836 shares of the scientific and technical instruments company’s stock worth $39,319,000 after purchasing an additional 13,050 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of Trimble by 117.8% during the first quarter. Allianz Asset Management GmbH now owns 1,545,899 shares of the scientific and technical instruments company’s stock worth $55,467,000 after purchasing an additional 836,079 shares during the period. Hedge funds and other institutional investors own 90.06% of the company’s stock.

About Trimble

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

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