Stock Traders Purchase High Volume of Toro Put Options (NYSE:TTC)

Toro Company (The) (NYSE:TTC) saw some unusual options trading on Wednesday. Stock investors purchased 1,176 put options on the stock. This is an increase of 1,709% compared to the typical daily volume of 65 put options.

Hedge Funds Weigh In On Toro

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Robert W. Baird set a $84.00 price objective on shares of Toro in a research note on Tuesday, December 16th. Wall Street Zen lowered shares of Toro from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Finally, Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $92.20.

Toro Price Performance

TTC stock traded down $1.20 during trading on Thursday, hitting $99.53. The company had a trading volume of 954,476 shares, compared to its average volume of 914,452. The company has a fifty day moving average price of $91.99 and a two-hundred day moving average price of $81.22. Toro has a fifty-two week low of $62.34 and a fifty-two week high of $105.19. The company has a market cap of $9.74 billion, a P/E ratio of 31.40 and a beta of 0.80. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63.

Toro (NYSE:TTC) last issued its earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.65 by $0.09. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Toro had a net margin of 7.01% and a return on equity of 28.90%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts expect that Toro will post 4.41 earnings per share for the current fiscal year.

Toro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were given a dividend of $0.39 per share. This is a boost from Toro’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, December 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. Toro’s dividend payout ratio is currently 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.