Toro Target of Unusually Large Options Trading (NYSE:TTC)

Toro Company (The) (NYSE:TTCGet Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders bought 1,176 put options on the stock. This represents an increase of approximately 1,709% compared to the average volume of 65 put options.

Insider Activity at Toro

In other news, Director James Calvin O’rourke sold 4,951 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the transaction, the director directly owned 2,704 shares in the company, valued at $268,777.60. This represents a 64.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total transaction of $11,957,910.00. Following the transaction, the chief executive officer owned 38,186 shares of the company’s stock, valued at approximately $3,824,327.90. This represents a 75.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.88% of the company’s stock.

Institutional Trading of Toro

Several large investors have recently bought and sold shares of TTC. Integrated Wealth Concepts LLC boosted its stake in Toro by 10.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after buying an additional 586 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Toro by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after buying an additional 124,373 shares in the last quarter. Caxton Associates LLP acquired a new stake in Toro in the first quarter valued at about $285,000. Empowered Funds LLC boosted its stake in Toro by 9.8% in the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after buying an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Toro by 191.5% in the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after buying an additional 4,984 shares in the last quarter. 87.95% of the stock is owned by institutional investors and hedge funds.

Toro Price Performance

Shares of NYSE TTC opened at $89.46 on Friday. The stock has a market capitalization of $8.67 billion, a PE ratio of 26.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. The business has a fifty day moving average price of $94.97 and a two-hundred day moving average price of $87.19. Toro has a fifty-two week low of $67.04 and a fifty-two week high of $105.18.

Toro (NYSE:TTCGet Free Report) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts predict that Toro will post 4.52 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, March 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, March 30th. Toro’s dividend payout ratio is 46.71%.

Analyst Upgrades and Downgrades

TTC has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. DA Davidson raised their target price on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Finally, Robert W. Baird lifted their price objective on shares of Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $100.40.

Check Out Our Latest Research Report on Toro

Toro Company Profile

(Get Free Report)

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.

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