Toro Target of Unusually Large Options Trading (NYSE:TTC)

Toro Company (The) (NYSE:TTC) saw unusually large options trading activity on Wednesday. Investors purchased 1,176 put options on the stock. This is an increase of approximately 1,709% compared to the typical daily volume of 65 put options.

Institutional Trading of Toro

Several large investors have recently bought and sold shares of TTC. Davis Capital Management purchased a new position in shares of Toro in the third quarter valued at $42,000. Danske Bank A S acquired a new stake in Toro in the 3rd quarter valued at about $46,000. MTM Investment Management LLC purchased a new position in Toro during the 2nd quarter valued at about $85,000. Quent Capital LLC acquired a new position in Toro during the third quarter worth about $97,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Toro in the third quarter valued at about $119,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analysts Set New Price Targets

TTC has been the topic of a number of analyst reports. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Robert W. Baird set a $84.00 target price on shares of Toro in a research report on Tuesday, December 16th. Wall Street Zen cut Toro from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $92.20.

Toro Stock Performance

Shares of TTC opened at $95.74 on Thursday. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. The firm has a market cap of $9.37 billion, a PE ratio of 30.20 and a beta of 0.82. Toro has a 12-month low of $62.34 and a 12-month high of $97.50. The company’s 50 day simple moving average is $81.67 and its 200-day simple moving average is $77.75.

Toro (NYSE:TTC) last announced its 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. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Toro had a return on equity of 28.90% and a net margin of 7.01%.The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, equities analysts predict that Toro will post 4.41 EPS for the current year.

Toro Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.39 per share. This is a positive change from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. Toro’s dividend payout ratio is presently 49.21%.

Toro Company 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.