Toro Company (The) (NYSE:TTC) Declares $0.39 Quarterly Dividend

Toro Company (The) (NYSE:TTC) announced a quarterly dividend on Tuesday, May 19th. Investors of record on Tuesday, June 16th will be given a dividend of 0.39 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 16th.

Toro has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Toro has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Toro to earn $5.01 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 31.1%.

Toro Price Performance

NYSE TTC opened at $89.29 on Wednesday. The stock has a 50-day moving average of $94.35 and a 200 day moving average of $87.50. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 26.73 and a beta of 0.73. Toro has a one year low of $67.04 and a one year high of $105.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the company posted $0.65 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts forecast that Toro will post 4.52 EPS for the current year.

Insider Buying and Selling at Toro

In related news, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction 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 owned 38,186 shares in the company, valued at approximately $3,824,327.90. This represents a 75.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James Calvin O’rourke sold 4,951 shares of the stock in a transaction 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 owned 2,704 shares in the company, valued at $268,777.60. The trade was a 64.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.88% of the company’s stock.

Institutional Trading of Toro

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC boosted its stake in shares of Toro by 6.0% during the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock valued at $284,000 after purchasing an additional 203 shares during the period. GAMMA Investing LLC increased its stake in shares of Toro by 10.2% during the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock valued at $274,000 after buying an additional 321 shares during the period. Wesbanco Bank Inc. grew its stake in Toro by 4.3% in the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock valued at $740,000 after purchasing an additional 400 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after purchasing an additional 410 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Toro in the 1st quarter worth $39,000. Hedge funds and other 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.