Toro Company (The) $TTC Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in Toro Company (The) (NYSE:TTC) by 37.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,249 shares of the company’s stock after selling 7,770 shares during the period. SG Americas Securities LLC’s holdings in Toro were worth $1,043,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Toro by 10.2% in the 4th quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock valued at $274,000 after purchasing an additional 321 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Toro by 16.6% in the 3rd quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock valued at $4,029,000 after purchasing an additional 7,511 shares in the last quarter. Danske Bank A S acquired a new position in shares of Toro in the 3rd quarter valued at approximately $46,000. Horizon Investments LLC raised its position in shares of Toro by 88.4% in the 3rd quarter. Horizon Investments LLC now owns 29,392 shares of the company’s stock valued at $2,229,000 after purchasing an additional 13,789 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Toro in the 3rd quarter valued at approximately $119,000. 87.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Toro Stock Performance

TTC stock opened at $97.52 on Thursday. The company has a current ratio of 1.69, a quick ratio of 0.73 and a debt-to-equity ratio of 0.75. The firm has a market cap of $9.45 billion, a P/E ratio of 29.20 and a beta of 0.80. Toro Company has a 12-month low of $62.49 and a 12-month high of $105.18. The stock’s 50 day simple moving average is $96.63 and its 200 day simple moving average is $83.88.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.09. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts predict that Toro Company will post 4.41 EPS for the current 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. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, March 30th. Toro’s dividend payout ratio is currently 46.71%.

Insider Activity at Toro

In related news, CEO Richard M. Olson sold 119,400 shares of the company’s 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 sale, the chief executive officer directly owned 38,186 shares of the company’s stock, valued at approximately $3,824,327.90. This represents a 75.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 sale, the director directly owned 2,704 shares in the company, valued at approximately $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. Corporate insiders own 1.88% of the company’s stock.

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.