Investors Purchase Large Volume of Put Options on Toro (NYSE:TTC)

Toro Company (The) (NYSE:TTC) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 1,176 put options on the stock. This is an increase of approximately 1,709% compared to the typical daily volume of 65 put options.

Toro Trading Down 1.0%

TTC stock opened at $99.22 on Thursday. Toro has a 12 month low of $62.34 and a 12 month high of $101.08. The firm’s 50-day moving average is $87.30 and its 200 day moving average is $79.48. The company has a market capitalization of $9.71 billion, a PE ratio of 31.30 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 0.86.

Toro (NYSE:TTC) last released its quarterly earnings data on Wednesday, December 17th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The company 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 quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, research analysts anticipate that Toro will post 4.41 EPS for the current year.

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, December 22nd. This is an increase from Toro’s previous quarterly dividend of $0.38. Toro’s dividend payout ratio (DPR) is 49.21%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Robert W. Baird set a $84.00 price target on Toro in a research report on Tuesday, December 16th. Wall Street Zen upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial lowered shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Two research 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, the stock currently has an average rating of “Hold” and a consensus price target of $92.20.

Hedge Funds Weigh In On Toro

A number of hedge funds and other institutional investors have recently made changes to their positions in TTC. Goldman Sachs Group Inc. lifted its position in shares of Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after buying an additional 124,373 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its stake in shares of Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after acquiring an additional 52,457 shares in the last quarter. TD Private Client Wealth LLC lifted its position in Toro by 14,306.0% during the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock valued at $3,634,000 after acquiring an additional 47,353 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in Toro by 379.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after acquiring an additional 44,030 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Toro in the fourth quarter worth $1,664,000. Institutional investors own 87.95% 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.