SG Americas Securities LLC Has $1.60 Million Holdings in Toro Company (The) $TTC

SG Americas Securities LLC boosted its holdings in Toro Company (The) (NYSE:TTC) by 193.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,019 shares of the company’s stock after purchasing an additional 13,865 shares during the quarter. SG Americas Securities LLC’s holdings in Toro were worth $1,602,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS grew its position in shares of Toro by 0.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 32,900 shares of the company’s stock worth $2,507,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC grew its position in Toro by 8.1% during the third quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after buying an additional 237 shares in the last quarter. Davis Capital Management bought a new position in Toro during the 3rd quarter worth $42,000. Integrated Wealth Concepts LLC increased its stake in Toro by 10.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after acquiring an additional 586 shares during the period. Finally, American National Bank & Trust raised its holdings in Toro by 5.9% in the 2nd quarter. American National Bank & Trust now owns 11,858 shares of the company’s stock valued at $838,000 after acquiring an additional 658 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Analysts Set New Price Targets

TTC has been the topic of several analyst reports. Robert W. Baird set a $84.00 target price on Toro in a report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Toro from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.20.

Toro Stock Performance

NYSE:TTC opened at $89.54 on Friday. Toro Company has a twelve month low of $62.34 and a twelve month high of $89.68. The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $76.00 and its 200 day simple moving average is $76.08. The firm has a market capitalization of $8.77 billion, a PE ratio of 28.24 and a beta of 0.82.

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

Toro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 22nd were given a $0.39 dividend. This is an increase from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, December 22nd. Toro’s dividend payout ratio (DPR) is 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.