Syon Capital LLC Sells 6,788 Shares of Toro Company (The) $TTC

Syon Capital LLC reduced its stake in shares of Toro Company (The) (NYSE:TTCFree Report) by 44.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,540 shares of the company’s stock after selling 6,788 shares during the period. Syon Capital LLC’s holdings in Toro were worth $672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC lifted its stake in shares of Toro by 6.0% during the 4th quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock valued at $284,000 after buying an additional 203 shares in the last quarter. GAMMA Investing LLC increased its stake in Toro by 10.2% in the 4th quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock worth $274,000 after buying an additional 321 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in Toro by 4.3% during the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock valued at $740,000 after acquiring an additional 400 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Toro by 10.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after acquiring an additional 586 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Toro in the third quarter valued at about $46,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Gary Lee Ellis sold 4,951 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total value of $455,046.41. Following the completion of the transaction, the director owned 35,297 shares of the company’s stock, valued at approximately $3,244,147.27. This trade represents a 12.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.88% of the company’s stock.

Toro Stock Down 0.4%

Shares of TTC opened at $91.54 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.74. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 26.38 and a beta of 0.70. Toro Company has a 1 year low of $67.04 and a 1 year high of $105.18. The business’s 50 day simple moving average is $92.86 and its 200-day simple moving average is $89.55.

Toro (NYSE:TTCGet Free Report) last posted its earnings results on Thursday, June 4th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Toro had a net margin of 7.29% and a return on equity of 31.13%. Toro’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. As a group, equities analysts expect that Toro Company will post 4.6 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. Toro’s payout ratio is 44.96%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. DA Davidson boosted their target price on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Finally, Robert W. Baird reduced their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $101.75.

Read Our Latest Stock Analysis on TTC

Toro Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Toro (NYSE:TTC)

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