Toro Company (The) $TTC Shares Newly Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC bought a new position in Toro Company (The) (NYSE:TTC) during the 3rd quarter, Holdings Channel reports. The fund bought 5,853 shares of the company’s stock, valued at approximately $564,000.

Other hedge funds also recently bought and sold shares of the company. Kestra Advisory Services LLC grew its position in shares of Toro by 344.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 35,622 shares of the company’s stock worth $3,435,000 after buying an additional 27,601 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Toro by 93.5% in the third quarter. Commonwealth Equity Services LLC now owns 18,369 shares of the company’s stock worth $1,771,000 after acquiring an additional 8,877 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Toro by 4.5% in the third quarter. Chicago Partners Investment Group LLC now owns 12,958 shares of the company’s stock valued at $1,364,000 after acquiring an additional 561 shares in the last quarter. Provenance Wealth Advisors LLC bought a new stake in Toro in the third quarter valued at $27,000. Finally, Integrity Alliance LLC. bought a new stake in Toro in the third quarter valued at $1,244,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Trading Down 0.3%

TTC opened at $104.84 on Friday. The stock has a market cap of $9.92 billion, a PE ratio of 28.03, a PEG ratio of 2.06 and a beta of 0.67. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $98.96 and a 200-day moving average of $95.86. Toro Company has a 52 week low of $67.64 and a 52 week high of $110.87.

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

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, October 6th. Toro’s payout ratio is 41.71%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TTC. Oppenheimer began coverage on shares of Toro in a research report on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 price objective on the stock. Wall Street Zen cut shares of Toro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 4th. Weiss Ratings raised shares of Toro from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 29th. Finally, DA Davidson reduced their price target on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.