Toro Company (The) $TTC Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its holdings in shares of Toro Company (The) (NYSE:TTC) by 155.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,000 shares of the company’s stock after buying an additional 7,920 shares during the period. Pacer Advisors Inc.’s holdings in Toro were worth $991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of Toro by 124.1% during the second quarter. SG Americas Securities LLC now owns 7,154 shares of the company’s stock worth $506,000 after purchasing an additional 3,962 shares in the last quarter. United Services Automobile Association acquired a new stake in Toro in the 1st quarter worth about $509,000. Voleon Capital Management LP purchased a new stake in Toro during the 1st quarter worth approximately $1,316,000. Willis Investment Counsel raised its holdings in shares of Toro by 93.9% during the second quarter. Willis Investment Counsel now owns 17,145 shares of the company’s stock valued at $1,212,000 after acquiring an additional 8,302 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Toro by 17.6% in the second quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock valued at $7,975,000 after acquiring an additional 16,854 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

TTC has been the subject of several research reports. DA Davidson boosted their price target on Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Zacks Research cut shares of Toro from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Robert W. Baird set a $84.00 target price on shares of Toro in a report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Finally, Northland Securities boosted their price target on shares of Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 9th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.20.

Toro Stock Up 1.9%

Shares of TTC opened at $80.20 on Friday. Toro Company has a 52-week low of $62.34 and a 52-week high of $87.46. The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $73.77 and a two-hundred day simple moving average of $75.03. The company has a market capitalization of $7.85 billion, a PE ratio of 25.30 and a beta of 0.82.

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

Toro Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 22nd will be paid a $0.39 dividend. This is a positive change from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.56 annualized dividend and a dividend yield of 1.9%. 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.