22,245 Toro Company (The) $TTC Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in Toro Company (The) (NYSE:TTC) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 941,277 shares of the company’s stock after selling 22,245 shares during the period. King Luther Capital Management Corp owned 0.99% of Toro worth $90,758,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC acquired a new position in shares of Toro during the third quarter worth approximately $27,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Toro in the 3rd quarter worth $38,000. Security National Bank of SO Dak bought a new position in shares of Toro in the 2nd quarter worth $58,000. Northwestern Mutual Wealth Management Co. grew its position in Toro by 237.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock valued at $75,000 after purchasing an additional 541 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Toro in the 3rd quarter valued at $81,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Trading Up 0.3%

Shares of Toro stock opened at $107.15 on Thursday. The stock has a fifty day simple moving average of $99.51 and a 200 day simple moving average of $96.12. Toro Company has a 12-month low of $67.64 and a 12-month high of $110.87. The company has a market capitalization of $10.14 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.10 and a beta of 0.67. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $1.24 EPS. Toro’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, sell-side analysts anticipate that Toro Company will post 4.64 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, October 6th. Toro’s dividend payout ratio (DPR) is presently 41.71%.

Analysts Set New Price Targets

A number of analysts have commented on TTC shares. Wall Street Zen lowered shares of Toro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 4th. Oppenheimer started coverage on shares of Toro in a report on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 price objective for the company. Weiss Ratings upgraded shares of Toro from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 29th. Finally, DA Davidson decreased their target price on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.67.

Toro Profile

The Toro Company designs, manufactures and markets equipment and services for maintaining outdoor environments. Its products serve homeowners and professional customers in areas such as landscaping, golf course and sports-field maintenance, and snow and ice management. The company’s offerings include lawn mowers, turf and landscape maintenance equipment, irrigation systems, utility and underground construction equipment, and snow removal products. Its portfolio includes brands such as Toro, Exmark and Ditch Witch.