Toro Sees Unusually High Options Volume (NYSE:TTC)

Toro Company (The) (NYSE:TTC) saw unusually large options trading on Wednesday. Traders bought 1,176 put options on the stock. This represents an increase of 1,709% compared to the average daily volume of 65 put options.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TTC shares. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Robert W. Baird upped their price objective on shares of Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. DA Davidson increased their price objective on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Raymond James Financial lowered shares of Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $100.40.

Toro Trading Up 0.1%

TTC opened at $93.52 on Thursday. The stock has a market capitalization of $9.07 billion, a PE ratio of 28.00 and a beta of 0.80. Toro has a one year low of $62.34 and a one year high of $105.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. The business’s 50 day moving average price is $96.22 and its 200 day moving average price is $83.36.

Toro (NYSE:TTC) last posted its earnings results on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.09. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Toro will post 4.41 EPS for the current year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 30th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, March 30th. Toro’s payout ratio is 46.71%.

Insider Buying and Selling

In other Toro news, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 38,186 shares of the company’s stock, valued at $3,824,327.90. This represents a 75.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin O’rourke sold 4,951 shares of Toro stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total value of $492,129.40. Following the completion of the sale, the director directly owned 2,704 shares in the company, valued at $268,777.60. This represents a 64.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS increased its position in shares of Toro by 0.6% during the third quarter. KLP Kapitalforvaltning AS now owns 32,900 shares of the company’s stock valued at $2,507,000 after acquiring an additional 200 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Toro by 6.0% in the 4th quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock worth $284,000 after acquiring an additional 203 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Toro by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after purchasing an additional 237 shares during the period. Wesbanco Bank Inc. boosted its position in shares of Toro by 4.3% during the 3rd quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock worth $740,000 after purchasing an additional 400 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Toro by 0.3% in the 4th quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

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.