LSV Asset Management Acquires Shares of 13,700 Toro Company (The) $TTC

LSV Asset Management acquired a new stake in Toro Company (The) (NYSE:TTC) during the fourth quarter, HoldingsChannel reports. The fund acquired 13,700 shares of the company’s stock, valued at approximately $1,078,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTC. Danske Bank A S acquired a new position in Toro in the 3rd quarter valued at $46,000. Harvest Fund Management Co. Ltd acquired a new position in Toro in the 3rd quarter valued at $119,000. Transcend Capital Advisors LLC acquired a new position in Toro in the 3rd quarter valued at $264,000. GAMMA Investing LLC grew its holdings in 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 buying an additional 321 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Toro in the 1st quarter valued at $285,000. 87.95% of the stock is owned by institutional investors and hedge funds.

Toro Stock Performance

NYSE:TTC opened at $91.70 on Thursday. The stock has a fifty day moving average price of $93.60 and a 200-day moving average price of $88.19. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 27.46 and a beta of 0.73. 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 Company has a fifty-two week low of $67.04 and a fifty-two week high of $105.18.

Toro (NYSE:TTC) last released its earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company’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 analysts anticipate that Toro Company will post 4.52 EPS for the current fiscal year.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 16th. Toro’s dividend payout ratio is presently 46.71%.

Insider Buying and Selling at Toro

In related news, CEO Richard M. Olson sold 119,400 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 38,186 shares in the company, valued at $3,824,327.90. This represents a 75.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin O’rourke sold 4,951 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was 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 of the company’s stock, valued at approximately $268,777.60. This represents a 64.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on TTC shares. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Robert W. Baird upped their price objective on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, March 6th. DA Davidson upped their price objective on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a report on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Finally, Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.40.

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.