25,125 Toro Company (The) $TTC Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lessened its holdings in shares of Toro Company (The) (NYSE:TTC) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 208,521 shares of the company’s stock after selling 25,125 shares during the quarter. Confluence Investment Management LLC’s holdings in Toro were worth $20,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTC. Corient Private Wealth LP grew its holdings in Toro by 1,063.5% during the 2nd quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock valued at $18,314,000 after buying an additional 171,826 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Toro by 4,227.0% in the second 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 in the last quarter. Engineers Gate Manager LP boosted its position in shares of Toro by 73.9% during the second 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. Benjamin Edwards Inc. increased its holdings in Toro by 22.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 74,419 shares of the company’s stock valued at $7,250,000 after acquiring an additional 13,433 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Toro by 416.7% in the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock worth $6,396,000 after purchasing an additional 55,206 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on TTC shares. DA Davidson dropped their price objective on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a report on Friday, September 4th. Weiss Ratings upgraded Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Oppenheimer initiated coverage on Toro in a research note on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 price target for the company. Robert W. Baird cut their price target on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Finally, Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 26th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $111.67.

Toro Price Performance

Shares of NYSE TTC traded up $0.03 during mid-day trading on Thursday, hitting $96.45. 178,558 shares of the company’s stock traded hands, compared to its average volume of 838,350. 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 Company has a 1 year low of $67.64 and a 1 year high of $105.18. The company’s 50-day moving average is $96.07 and its two-hundred day moving average is $94.34. The company has a market capitalization of $9.13 billion, a P/E ratio of 25.78 and a beta of 0.70.

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

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. Toro’s payout ratio is 41.71%.

Toro Company Profile

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and systems used to maintain landscapes, turf and outdoor environments. Its products serve professional contractors, golf courses, sports fields, municipalities, rental companies, construction and utility operators, and residential customers.

The company’s product portfolio includes commercial and residential mowers, turf maintenance equipment, irrigation systems, snow and ice management equipment, compact utility loaders, trenchers, underground construction equipment and related attachments.