Toro Company (The) $TTC Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC cut its stake in Toro Company (The) (NYSE:TTC) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,008 shares of the company’s stock after selling 4,952 shares during the period. Kestra Investment Management LLC owned about 0.05% of Toro worth $4,920,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its position in shares of Toro by 40.2% during the third quarter. AlphaCore Capital LLC now owns 3,019 shares of the company’s stock worth $291,000 after acquiring an additional 865 shares during the period. Ethic Inc. raised its stake in shares of Toro by 9.5% during the third quarter. Ethic Inc. now owns 9,598 shares of the company’s stock valued at $925,000 after acquiring an additional 830 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Toro by 4.4% in the third quarter. Pictet Asset Management Holding SA now owns 14,840 shares of the company’s stock valued at $1,431,000 after purchasing an additional 624 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Toro by 14.4% in the third quarter. Ashton Thomas Private Wealth LLC now owns 3,456 shares of the company’s stock valued at $333,000 after purchasing an additional 434 shares during the period. Finally, Calamos Wealth Management LLC purchased a new stake in shares of Toro in the third quarter valued at approximately $564,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Analyst Ratings Changes

TTC has been the topic of several research analyst reports. Weiss Ratings raised Toro from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 29th. DA Davidson decreased their target price on Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Wall Street Zen cut Toro from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 4th. Finally, Oppenheimer initiated coverage on Toro in a report on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Toro has a consensus rating of “Moderate Buy” and an average target price of $111.67.

Toro Price Performance

Shares of TTC stock opened at $107.95 on Tuesday. Toro Company has a 1-year low of $67.64 and a 1-year high of $110.87. The stock’s 50-day moving average is $99.14 and its 200 day moving average is $95.95. The company has a market cap of $10.22 billion, a P/E ratio of 23.47, a PEG ratio of 2.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 0.74.

Toro (NYSE:TTC) last announced its earnings results on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Toro had a net margin of 7.64% and a return on equity of 31.86%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 earnings per share. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Research analysts predict that Toro Company will post 4.64 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, October 6th. Toro’s payout ratio is 41.71%.

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