Hillsdale Investment Management Inc. Grows Stake in Toro Company (The) $TTC

Hillsdale Investment Management Inc. grew its stake in shares of Toro Company (The) (NYSE:TTC) by 379.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,630 shares of the company’s stock after buying an additional 44,030 shares during the period. Hillsdale Investment Management Inc.’s holdings in Toro were worth $4,379,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after buying an additional 124,373 shares in the last quarter. Van ECK Associates Corp increased its position in Toro by 0.6% during the third quarter. Van ECK Associates Corp now owns 247,609 shares of the company’s stock worth $18,867,000 after buying an additional 1,442 shares in the last quarter. Russell Investments Group Ltd. increased its position in Toro by 11.0% during the third quarter. Russell Investments Group Ltd. now owns 125,215 shares of the company’s stock worth $9,541,000 after buying an additional 12,380 shares in the last quarter. Captrust Financial Advisors increased its position in Toro by 16.6% during the third quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock worth $4,029,000 after buying an additional 7,511 shares in the last quarter. Finally, Jensen Investment Management Inc. increased its position in Toro by 10.1% during the third quarter. Jensen Investment Management Inc. now owns 43,470 shares of the company’s stock worth $3,312,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Insider Buying and Selling at Toro

In other news, Director James Calvin O’rourke sold 4,951 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total transaction of $492,129.40. Following the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard M. Olson sold 119,400 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total value of $11,957,910.00. Following the sale, the chief executive officer owned 38,186 shares in the company, valued at $3,824,327.90. This trade represents a 75.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.88% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. DA Davidson raised their price target on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Robert W. Baird raised their price target on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. 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 issued a Hold rating to the company. According to data from MarketBeat.com, Toro has a consensus rating of “Hold” and a consensus target price of $100.40.

Toro Price Performance

TTC stock opened at $89.85 on Friday. Toro Company has a 52-week low of $67.04 and a 52-week high of $105.18. The stock’s fifty day simple moving average is $93.42 and its 200-day simple moving average is $88.33. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 26.90 and a beta of 0.73.

Toro (NYSE:TTC) last posted its quarterly earnings data 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 business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts expect that Toro Company will post 4.52 EPS for the current year.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, June 16th. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. Toro’s dividend payout ratio (DPR) is 46.71%.

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.