Burns Matteson Capital Management LLC Makes New Investment in Toro Company (The) $TTC

Burns Matteson Capital Management LLC bought a new position in Toro Company (The) (NYSE:TTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,353 shares of the company’s stock, valued at approximately $579,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS grew its stake in Toro by 0.6% in the third quarter. KLP Kapitalforvaltning AS now owns 32,900 shares of the company’s stock worth $2,507,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC raised its holdings in Toro by 8.1% in the third quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after purchasing an additional 237 shares in the last quarter. Wesbanco Bank Inc. lifted its position 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 buying an additional 400 shares during the period. Willis Investment Counsel boosted its holdings in shares of Toro by 3.0% during the 3rd quarter. Willis Investment Counsel now owns 17,653 shares of the company’s stock valued at $1,345,000 after buying an additional 508 shares in the last quarter. Finally, Davis Capital Management bought a new stake in shares of Toro during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Insider Buying and Selling

In related news, CEO Richard M. Olson sold 119,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total value of $11,957,910.00. Following the completion of the transaction, the chief executive officer directly owned 38,186 shares in the company, valued at $3,824,327.90. The trade was a 75.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin O’rourke sold 4,951 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total value of $492,129.40. Following the completion of the transaction, the director directly owned 2,704 shares in the company, valued at $268,777.60. This trade represents a 64.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.88% of the stock is owned by insiders.

Toro Price Performance

TTC opened at $93.31 on Wednesday. The firm has a market cap of $9.04 billion, a PE ratio of 27.94 and a beta of 0.80. The stock has a 50-day moving average price of $96.14 and a 200-day moving average price of $83.29. Toro Company has a 1 year low of $62.34 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.65 by $0.09. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Toro had a net margin of 7.28% and a return on equity of 29.60%. Toro’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts predict that Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 30th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. Toro’s dividend payout ratio (DPR) is 46.71%.

Analyst Upgrades and Downgrades

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

Toro Company Profile

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.