State of Wyoming lowered its position in shares of Toro Company (The) (NYSE:TTC – Free Report) by 25.6% in the third quarter, Holdings Channel reports. The institutional investor owned 13,849 shares of the company’s stock after selling 4,759 shares during the period. State of Wyoming’s holdings in Toro were worth $1,335,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Toro in the third quarter valued at about $38,000. Security National Bank of SO Dak acquired a new position in shares of Toro during the second quarter worth about $58,000. Northwestern Mutual Wealth Management Co. raised its holdings in Toro by 237.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock worth $75,000 after purchasing an additional 541 shares in the last quarter. Root Financial Partners LLC lifted its position in Toro by 277.8% in the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after purchasing an additional 714 shares during the period. Finally, Elevation Wealth Partners LLC lifted its position in Toro by 52.1% in the third quarter. Elevation Wealth Partners LLC now owns 1,197 shares of the company’s stock valued at $115,000 after purchasing an additional 410 shares during the period. Institutional investors and hedge funds own 87.95% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on TTC. DA Davidson dropped their target price on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Wall Street Zen downgraded Toro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 4th. Weiss Ratings raised Toro from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Finally, Oppenheimer started coverage on Toro in a research note on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 price target on the stock. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.67.
Check Out Our Latest Report on TTC
Toro Stock Performance
NYSE:TTC opened at $107.72 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. Toro Company has a fifty-two week low of $67.64 and a fifty-two week high of $108.82. The stock has a market cap of $10.20 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.32 and a beta of 0.66. The firm’s fifty day simple moving average is $98.24 and its 200-day simple moving average is $95.41.
Toro (NYSE:TTC – Get Free Report) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $1.24 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Analysts expect that Toro Company will post 4.64 earnings per share for the current fiscal year.
Toro Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. Toro’s dividend payout ratio (DPR) is 41.71%.
Toro Company Profile
The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and solutions for maintaining outdoor environments. Its products serve professional and residential customers in areas such as turf care, landscaping, irrigation, snow and ice management, and outdoor construction.
The company’s portfolio includes zero-turn and riding mowers, walk-behind mowers, utility vehicles, turf maintenance equipment, landscape and irrigation systems, snowplows and snow removal equipment, and compact utility and underground construction machinery.
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