Burns Matteson Capital Management LLC Buys Shares of 7,353 Toro Company (The) $TTC

Burns Matteson Capital Management LLC purchased a new position in Toro Company (The) (NYSE:TTC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 7,353 shares of the company’s stock, valued at approximately $579,000.

Several other hedge funds have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after purchasing an additional 124,373 shares during the period. Van ECK Associates Corp grew its position in Toro by 0.6% in the 3rd quarter. Van ECK Associates Corp now owns 247,609 shares of the company’s stock worth $18,867,000 after purchasing an additional 1,442 shares during the period. Russell Investments Group Ltd. grew its position in Toro by 11.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 125,215 shares of the company’s stock worth $9,541,000 after purchasing an additional 12,380 shares during the period. Captrust Financial Advisors raised its stake in Toro by 16.6% during the 3rd quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock valued at $4,029,000 after buying an additional 7,511 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Toro by 14,306.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock valued at $3,634,000 after buying an additional 47,353 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Toro

In related news, CEO Richard M. Olson sold 119,400 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total transaction of $11,957,910.00. Following the completion of the transaction, the chief executive officer directly owned 38,186 shares in the company, valued at approximately $3,824,327.90. The trade was a 75.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Calvin O’rourke sold 4,951 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the sale, the director directly owned 2,704 shares of the company’s stock, valued at $268,777.60. This represents a 64.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.88% of the stock is owned by insiders.

Toro Trading Up 2.1%

Shares of TTC stock opened at $93.31 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 27.94 and a beta of 0.80. Toro Company has a 1 year low of $62.34 and a 1 year high of $105.18. The firm has a fifty day moving average price of $96.14 and a 200-day moving average price of $83.29.

Toro (NYSE:TTC) last announced its earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.Toro’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts predict that Toro Company will post 4.41 earnings per share for the current year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 30th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. Toro’s dividend payout ratio (DPR) is 46.71%.

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.