Dorsey & Whitney Trust CO LLC Cuts Stock Position in Toro Company (The) $TTC

Dorsey & Whitney Trust CO LLC lowered its holdings in Toro Company (The) (NYSE:TTC) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,662 shares of the company’s stock after selling 29,904 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Toro were worth $9,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Rothschild Investment LLC boosted its position in Toro by 6.0% in the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock worth $284,000 after purchasing an additional 203 shares during the last quarter. GAMMA Investing LLC boosted its position in Toro by 10.2% in the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock worth $274,000 after purchasing an additional 321 shares during the last quarter. Wesbanco Bank Inc. boosted its position in Toro by 4.3% in the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock worth $740,000 after purchasing an additional 400 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Toro by 10.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after purchasing an additional 586 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Toro in the third quarter worth $46,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Stock Performance

Shares of TTC opened at $91.54 on Thursday. The firm has a market cap of $8.72 billion, a PE ratio of 26.38 and a beta of 0.70. The stock’s fifty day moving average price is $92.86 and its two-hundred day moving average price is $89.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.74. Toro Company has a 1 year low of $67.04 and a 1 year high of $105.18.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Toro had a return on equity of 31.13% and a net margin of 7.29%.The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, equities research analysts forecast that Toro Company will post 4.6 EPS for the current year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 16th. Toro’s payout ratio is presently 44.96%.

Insider Activity

In related news, Director Gary Lee Ellis sold 4,951 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $91.91, for a total transaction of $455,046.41. Following the sale, the director directly owned 35,297 shares in the company, valued at approximately $3,244,147.27. The trade was a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTC. Raymond James Financial cut Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Wall Street Zen upgraded Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. DA Davidson boosted their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Robert W. Baird lowered their target price on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.75.

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.