Stock Traders Purchase Large Volume of Toro Put Options (NYSE:TTC)

Toro Company (The) (NYSE:TTC) was the target of unusually large options trading on Wednesday. Stock traders acquired 1,176 put options on the stock. This represents an increase of approximately 1,709% compared to the typical volume of 65 put options.

Insider Activity at Toro

In other Toro news, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total value of $11,957,910.00. Following the completion of the sale, the chief executive officer owned 38,186 shares in the company, valued at approximately $3,824,327.90. This trade represents a 75.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke sold 4,951 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. This trade represents a 64.68% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.88% of the company’s stock.

Hedge Funds Weigh In On Toro

Several institutional investors and hedge funds have recently bought and sold shares of TTC. Pinnacle Bancorp Inc. purchased a new position in Toro during the first quarter valued at $39,000. Danske Bank A S purchased a new position in Toro during the third quarter valued at $46,000. Root Financial Partners LLC lifted its position in Toro by 277.8% during the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after purchasing an additional 714 shares in the last quarter. Quent Capital LLC purchased a new position in Toro during the third quarter valued at $97,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Toro during the third quarter valued at $119,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Stock Performance

TTC stock opened at $91.00 on Thursday. The company has a market cap of $8.82 billion, a P/E ratio of 27.25 and a beta of 0.73. Toro has a 1 year low of $67.04 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. The stock’s fifty day moving average price is $95.17 and its 200-day moving average price is $87.09.

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, topping analysts’ consensus estimates of $0.65 by $0.09. The firm had revenue of $1.04 billion for 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 for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities analysts forecast that Toro will post 4.52 earnings per share for the current year.

Toro Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Monday, March 30th were given a dividend of $0.39 per share. The ex-dividend date was Monday, March 30th. This represents a $1.56 annualized dividend and a yield of 1.7%. Toro’s payout ratio is 46.71%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTC. Raymond James Financial cut Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Robert W. Baird increased their target price on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Finally, DA Davidson boosted their target price on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.