King Luther Capital Management Corp reduced its holdings in shares of Toro Company (The) (NYSE:TTC – Free Report) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 941,277 shares of the company’s stock after selling 22,245 shares during the quarter. King Luther Capital Management Corp’s holdings in Toro were worth $90,758,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. grew its stake in Toro by 4,227.0% in the 2nd quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock valued at $17,135,000 after purchasing an additional 171,828 shares during the period. Corient Private Wealth LP raised its stake in shares of Toro by 1,063.5% during the 2nd quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock worth $18,314,000 after purchasing an additional 171,826 shares during the period. CX Institutional purchased a new position in shares of Toro in the 3rd quarter worth about $6,647,000. Jefferies Financial Group Inc. boosted its holdings in shares of Toro by 867.0% in the 3rd quarter. Jefferies Financial Group Inc. now owns 72,054 shares of the company’s stock worth $6,947,000 after buying an additional 64,603 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in shares of Toro by 73.9% in the 2nd quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock worth $7,339,000 after buying an additional 32,003 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on TTC. Wall Street Zen downgraded shares of Toro from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 4th. Oppenheimer started coverage on shares of Toro in a research note on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 target price on the stock. DA Davidson reduced their target price on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Finally, Weiss Ratings raised shares of Toro from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. 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, Toro currently has an average rating of “Moderate Buy” and a consensus target price of $111.67.
Read Our Latest Stock Analysis on TTC
Toro Stock Performance
Shares of TTC opened at $107.15 on Thursday. Toro Company has a 1 year low of $67.64 and a 1 year high of $110.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 0.74. The stock’s fifty day moving average price is $99.51 and its two-hundred day moving average price is $96.12. The firm has a market cap of $10.14 billion, a PE ratio of 23.33, a PEG ratio of 2.10 and a beta of 0.67.
Toro (NYSE:TTC – Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company earned $1.24 EPS. The firm’s quarterly 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. On average, equities research analysts forecast that Toro Company will post 4.64 EPS for the current year.
Toro Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, October 6th. Toro’s dividend payout ratio (DPR) is currently 41.71%.
Toro Profile
The Toro Company designs, manufactures and markets equipment and services for maintaining outdoor environments. Its products serve homeowners and professional customers in areas such as landscaping, golf course and sports-field maintenance, and snow and ice management. The company’s offerings include lawn mowers, turf and landscape maintenance equipment, irrigation systems, utility and underground construction equipment, and snow removal products. Its portfolio includes brands such as Toro, Exmark and Ditch Witch.
Read More
- Five stocks we like better than Toro
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Want to see what other hedge funds are holding TTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toro Company (The) (NYSE:TTC – Free Report).
Receive News & Ratings for Toro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toro and related companies with MarketBeat.com's FREE daily email newsletter.
