Rhumbline Advisers Decreases Holdings in Toro Company (The) $TTC

Rhumbline Advisers decreased its stake in Toro Company (The) (NYSE:TTC) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 268,491 shares of the company’s stock after selling 7,712 shares during the period. Rhumbline Advisers’ holdings in Toro were worth $20,459,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Davis Capital Management purchased a new stake in shares of Toro during the 3rd quarter worth approximately $42,000. MTM Investment Management LLC purchased a new position in Toro in the second quarter valued at approximately $85,000. Quent Capital LLC bought a new position in Toro during the third quarter valued at $97,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in Toro in the third quarter worth $216,000. Finally, GAMMA Investing LLC increased its position in Toro by 8.1% in the third quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after buying an additional 237 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TTC. Wall Street Zen raised Toro from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird set a $84.00 price objective on shares of Toro in a report on Tuesday, December 16th. Finally, Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Toro currently has a consensus rating of “Hold” and an average target price of $92.20.

Toro Stock Performance

Shares of TTC opened at $100.07 on Tuesday. Toro Company has a 52-week low of $62.34 and a 52-week high of $101.08. The stock’s 50-day simple moving average is $86.18 and its 200 day simple moving average is $79.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 31.57 and a beta of 0.82.

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

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 22nd were paid a $0.39 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.56 annualized dividend and a yield of 1.6%. This is a boost from Toro’s previous quarterly dividend of $0.38. Toro’s dividend payout ratio is currently 49.21%.

Toro 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.