Toro Sees Unusually Large Options Volume (NYSE:TTC)

Toro Company (The) (NYSE:TTC) saw unusually large options trading activity on Wednesday. Traders purchased 1,176 put options on the company. This is an increase of approximately 1,709% compared to the average volume of 65 put options.

Institutional Investors Weigh In On Toro

A number of hedge funds have recently made changes to their positions in the stock. Davis Capital Management purchased a new position in Toro during the 3rd quarter worth $42,000. Danske Bank A S acquired a new position in Toro during the third quarter valued at $46,000. MTM Investment Management LLC acquired a new position in shares of Toro in the 2nd quarter valued at about $85,000. Quent Capital LLC purchased a new stake in Toro in the 3rd quarter worth approximately $97,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Toro during the third quarter worth $119,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TTC. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Robert W. Baird set a $84.00 price objective on Toro in a research note on Tuesday, December 16th. Wall Street Zen cut Toro from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $92.20.

Toro Stock Up 1.2%

Shares of NYSE TTC opened at $95.74 on Thursday. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 30.20 and a beta of 0.82. Toro has a 12-month low of $62.34 and a 12-month high of $97.50. The firm’s 50-day moving average price is $81.67 and its 200-day moving average price is $77.75. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63.

Toro (NYSE:TTC) last announced its earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. Toro had a net margin of 7.01% and a return on equity of 28.90%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, equities research analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 22nd. Toro’s payout ratio is presently 49.21%.

About Toro

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.