Investors Purchase Large Volume of Toro Put Options (NYSE:TTC)

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

Insider Buying and Selling at Toro

In other Toro news, 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 transaction of $11,957,910.00. Following the sale, the chief executive officer owned 38,186 shares of the company’s stock, valued at approximately $3,824,327.90. This trade represents a 75.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Calvin O’rourke sold 4,951 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total value of $492,129.40. Following the sale, the director directly owned 2,704 shares in the company, valued at $268,777.60. This trade represents a 64.68% decrease in their position. The SEC filing for this sale provides additional information. 1.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Toro

A number of institutional investors have recently modified their holdings of TTC. Pinnacle Bancorp Inc. purchased a new position in shares of Toro during the 1st quarter valued at about $39,000. Danske Bank A S purchased a new position in shares of Toro during the 3rd quarter valued at about $46,000. Root Financial Partners LLC raised its stake in shares of Toro by 277.8% during the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after buying an additional 714 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Toro during the 3rd quarter valued at about $97,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Toro during the 3rd quarter valued at about $119,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Wall Street Analyst Weigh In

TTC has been the subject of a number of recent analyst reports. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Robert W. Baird raised their price objective on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Finally, DA Davidson raised their price objective on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $100.40.

Toro Stock Performance

Shares of TTC opened at $91.00 on Thursday. The stock has a 50-day moving average of $95.17 and a two-hundred day moving average of $87.09. The stock has a market cap of $8.82 billion, a P/E ratio of 27.25 and a beta of 0.73. Toro has a one year low of $67.04 and a one year high of $105.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The business had revenue of $1.04 billion during 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 revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts predict that Toro will post 4.52 EPS for the current year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, March 30th were paid a dividend of $0.39 per share. The ex-dividend date was Monday, March 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. Toro’s dividend payout ratio (DPR) is presently 46.71%.

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.