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

Toro Company (The) (NYSE:TTC) was the target of some unusual options trading on Wednesday. Traders purchased 1,176 put options on the stock. This is an increase of 1,709% compared to the typical volume of 65 put options.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TTC. Zacks Research lowered Toro from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Robert W. Baird set a $84.00 target price on shares of Toro in a research note on Tuesday, December 16th. Wall Street Zen upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.20.

Institutional Trading of Toro

Several hedge funds and other institutional investors have recently bought and sold shares of TTC. Goldman Sachs Group Inc. raised its position in shares of Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after acquiring an additional 124,373 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Toro by 14,306.0% in the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock valued at $3,634,000 after purchasing an additional 47,353 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Toro by 17.6% in the second quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock worth $7,975,000 after purchasing an additional 16,854 shares in the last quarter. SG Americas Securities LLC raised its holdings in Toro by 193.8% in the third quarter. SG Americas Securities LLC now owns 21,019 shares of the company’s stock worth $1,602,000 after purchasing an additional 13,865 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Toro by 88.4% during the third quarter. Horizon Investments LLC now owns 29,392 shares of the company’s stock valued at $2,229,000 after buying an additional 13,789 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

Toro Stock Performance

Shares of NYSE:TTC opened at $89.51 on Thursday. The firm’s 50 day simple moving average is $77.33 and its 200-day simple moving average is $76.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87. Toro has a one year low of $62.34 and a one year high of $90.19. The firm has a market cap of $8.76 billion, a PE ratio of 28.24 and a beta of 0.82.

Toro (NYSE:TTC) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Toro had a return on equity of 28.90% and a net margin of 7.01%.The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, equities analysts predict that Toro will post 4.41 EPS for the current year.

Toro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 22nd. Toro’s payout ratio is presently 49.21%.

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.