54,176 Shares of Toro Company (The) $TTC Bought by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV bought a new position in shares of Toro Company (The) (NYSE:TTC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 54,176 shares of the company’s stock, valued at approximately $5,224,000. Toro comprises 1.4% of Pensioenfonds Rail & OV’s holdings, making the stock its 26th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. grew its position 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 period. Corient Private Wealth LP raised its position in shares of 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 period. CX Institutional acquired a new stake in shares of Toro in the 3rd quarter valued at approximately $6,647,000. Jefferies Financial Group Inc. boosted its stake in Toro by 867.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 72,054 shares of the company’s stock worth $6,947,000 after acquiring an additional 64,603 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its stake in Toro by 73.9% during the 2nd quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock worth $7,339,000 after acquiring an additional 32,003 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

Wall Street Analysts Forecast Growth

TTC has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Toro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 4th. 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 research report on Friday, September 4th. Oppenheimer started coverage on shares of Toro in a report on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 price target for the company. Finally, Weiss Ratings upgraded shares of Toro from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Toro currently has an average rating of “Moderate Buy” and a consensus price target of $111.67.

Toro Stock Down 0.9%

TTC stock traded down $0.94 during mid-day trading on Friday, hitting $105.91. 343,284 shares of the company were exchanged, compared to its average volume of 624,614. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. Toro Company has a 1-year low of $67.64 and a 1-year high of $110.87. The firm’s 50 day simple moving average is $99.92 and its 200 day simple moving average is $96.29. The firm has a market cap of $10.03 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.10 and a beta of 0.67.

Toro (NYSE:TTC) last issued its quarterly earnings data 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. Toro had a net margin of 7.64% and a return on equity of 31.86%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, sell-side analysts predict that Toro Company will post 4.64 EPS for the current fiscal year.

Toro Announces Dividend

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

Toro 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.