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

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

Insider Buying and Selling

In other Toro news, Director James Calvin O’rourke sold 4,951 shares of the business’s stock in a transaction 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 transaction, the director owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. The trade was a 64.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction 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 sale, the chief executive officer owned 38,186 shares in the company, valued at $3,824,327.90. The trade was a 75.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Birchwood Financial Partners Inc. acquired a new position in shares of Toro in the fourth quarter valued at approximately $215,000. Jump Financial LLC acquired a new stake in shares of Toro during the fourth quarter worth $756,000. Russell Investments Group Ltd. raised its holdings in shares of Toro by 0.3% during the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock worth $9,889,000 after acquiring an additional 410 shares during the period. Entropy Technologies LP bought a new stake in Toro in the 4th quarter valued at $1,664,000. Finally, Van ECK Associates Corp boosted its stake in Toro by 4.4% in the 4th quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after purchasing an additional 10,835 shares during the period. Institutional investors own 87.95% of the company’s stock.

Toro Stock Down 0.7%

Shares of Toro stock opened at $93.84 on Friday. The business has a fifty day simple moving average of $95.41 and a 200 day simple moving average of $82.51. The stock has a market cap of $9.10 billion, a PE ratio of 28.10 and a beta of 0.80. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75. Toro has a 12 month low of $62.34 and a 12 month high of $105.18.

Toro (NYSE:TTC) last released its earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts predict that Toro will post 4.41 EPS for the current year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Investors of record on Monday, March 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 30th. Toro’s dividend payout ratio is presently 46.71%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. DA Davidson boosted their target price on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $100.40.

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.