Toro Sees Unusually Large Options Volume (NYSE:TTC)

Toro Company (The) (NYSE:TTC) was the target of some unusual options trading on Wednesday. Stock investors purchased 1,176 put options on the stock. This represents an increase of 1,709% compared to the typical volume of 65 put options.

Toro Price Performance

Shares of TTC opened at $83.75 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. Toro has a twelve month low of $62.34 and a twelve month high of $87.46. The stock has a market capitalization of $8.20 billion, a P/E ratio of 26.42 and a beta of 0.82. The company has a 50 day moving average of $74.26 and a 200-day moving average of $75.36.

Toro (NYSE:TTC) last announced 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. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Toro had a net margin of 7.01% and a return on equity of 28.90%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, equities research analysts forecast that Toro will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 22nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, December 22nd. This is a positive change from Toro’s previous quarterly dividend of $0.38. Toro’s dividend payout ratio is 49.21%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TTC shares. Robert W. Baird set a $84.00 price target on shares of Toro in a research note on Tuesday, December 16th. Zacks Research lowered shares of Toro from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.20.

Institutional Trading of Toro

Institutional investors and hedge funds have recently bought and sold shares of the stock. Davis Capital Management acquired a new position in shares of Toro during the 3rd quarter worth approximately $42,000. Danske Bank A S acquired a new stake in shares of Toro in the 3rd quarter valued at approximately $46,000. MTM Investment Management LLC bought a new position in shares of Toro in the second quarter valued at $85,000. Quent Capital LLC acquired a new position in Toro during the third quarter worth $97,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Toro during the third quarter worth $119,000. Institutional investors 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.