Toro Company (The) $TTC Stock: State of Wyoming Cuts Holdings

State of Wyoming lessened its position in shares of Toro Company (The) (NYSE:TTC) by 25.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,849 shares of the company’s stock after selling 4,759 shares during the quarter. State of Wyoming’s holdings in Toro were worth $1,335,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Choreo LLC boosted its stake in Toro by 47.8% during the third quarter. Choreo LLC now owns 3,956 shares of the company’s stock worth $381,000 after buying an additional 1,279 shares during the period. BOKF NA lifted its holdings in shares of Toro by 2.7% in the 3rd quarter. BOKF NA now owns 8,364 shares of the company’s stock worth $806,000 after acquiring an additional 220 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in shares of Toro by 13.8% during the 3rd quarter. Motley Fool Asset Management LLC now owns 2,987 shares of the company’s stock worth $288,000 after purchasing an additional 363 shares during the period. Park Avenue Securities LLC boosted its position in shares of Toro by 6.6% during the 3rd quarter. Park Avenue Securities LLC now owns 8,473 shares of the company’s stock worth $817,000 after purchasing an additional 523 shares during the period. Finally, Signaturefd LLC increased its holdings in Toro by 81.4% in the 3rd quarter. Signaturefd LLC now owns 2,162 shares of the company’s stock valued at $208,000 after purchasing an additional 970 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Stock Performance

Shares of Toro stock opened at $107.72 on Friday. The firm’s fifty day simple moving average is $98.24 and its 200-day simple moving average is $95.41. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.32 and a beta of 0.66. Toro Company has a 12 month low of $67.64 and a 12 month high of $108.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 0.74.

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

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, October 6th. Toro’s payout ratio is 41.71%.

Wall Street Analysts Forecast Growth

TTC has been the subject of several research analyst reports. Weiss Ratings upgraded Toro from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Wall Street Zen cut Toro from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 4th. Oppenheimer initiated coverage on Toro in a research report on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 target price for the company. Finally, DA Davidson cut their price target on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.67.

About Toro

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and solutions for maintaining outdoor environments. Its products serve professional and residential customers in areas such as turf care, landscaping, irrigation, snow and ice management, and outdoor construction.

The company’s portfolio includes zero-turn and riding mowers, walk-behind mowers, utility vehicles, turf maintenance equipment, landscape and irrigation systems, snowplows and snow removal equipment, and compact utility and underground construction machinery.