Toro Company (The) $TTC Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its position in Toro Company (The) (NYSE:TTC) by 867.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,054 shares of the company’s stock after buying an additional 64,603 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Toro were worth $6,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TTC. Baird Financial Group Inc. raised its stake in shares of Toro by 4,227.0% during the 2nd quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock worth $17,135,000 after buying an additional 171,828 shares during the last quarter. Corient Private Wealth LP grew its stake in Toro by 1,063.5% in the 2nd quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock valued at $18,314,000 after acquiring an additional 171,826 shares during the last quarter. CX Institutional acquired a new stake in Toro in the 3rd quarter valued at about $6,647,000. Engineers Gate Manager LP grew its stake in Toro by 73.9% in the 2nd quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock valued at $7,339,000 after acquiring an additional 32,003 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in Toro by 344.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 35,622 shares of the company’s stock valued at $3,435,000 after acquiring an additional 27,601 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TTC shares. Weiss Ratings upgraded shares of Toro from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. 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 report on Friday, September 4th. Oppenheimer started coverage on shares of Toro in a research report on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 price target on the stock. Finally, Wall Street Zen lowered shares of Toro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

Toro Trading Down 0.5%

Shares of TTC stock opened at $106.77 on Friday. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 2.11 and a beta of 0.67. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average price of $99.66 and a 200 day moving average price of $96.21. Toro Company has a twelve month low of $67.64 and a twelve month high of $110.87.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) 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 net margin of 7.64% and a return on equity of 31.86%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Research analysts forecast that Toro Company will post 4.64 earnings per share for the current fiscal year.

Toro Dividend Announcement

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

Toro Company Profile

The Toro Company designs, manufactures and markets equipment and services for maintaining outdoor environments. Its products serve homeowners and professional customers in areas such as landscaping, golf course and sports-field maintenance, and snow and ice management. The company’s offerings include lawn mowers, turf and landscape maintenance equipment, irrigation systems, utility and underground construction equipment, and snow removal products. Its portfolio includes brands such as Toro, Exmark and Ditch Witch.