Willis Investment Counsel Has $2.04 Million Stock Position in Toro Company (The) $TTC

Willis Investment Counsel lifted its holdings in shares of Toro Company (The) (NYSE:TTC) by 46.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,896 shares of the company’s stock after purchasing an additional 8,243 shares during the quarter. Willis Investment Counsel’s holdings in Toro were worth $2,039,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Davis Capital Management acquired a new position in Toro in the 3rd quarter valued at $42,000. Danske Bank A S acquired a new position in Toro in the 3rd quarter valued at $46,000. Quent Capital LLC acquired a new position in Toro in the 3rd quarter valued at $97,000. Harvest Fund Management Co. Ltd acquired a new position in Toro in the 3rd quarter valued at $119,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in Toro in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TTC shares. Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Raymond James Financial lowered shares of Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. DA Davidson raised their target price on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Robert W. Baird raised their target price on shares of Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.40.

Insiders Place Their Bets

In other Toro news, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total value of $11,957,910.00. Following the completion of the sale, the chief executive officer directly owned 38,186 shares of the company’s stock, valued at $3,824,327.90. This represents a 75.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin O’rourke sold 4,951 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the sale, the director directly owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. This trade represents a 64.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.88% of the stock is owned by corporate insiders.

Toro Price Performance

Shares of Toro stock opened at $97.52 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. Toro Company has a fifty-two week low of $62.49 and a fifty-two week high of $105.18. The firm has a fifty day moving average price of $96.63 and a two-hundred day moving average price of $83.88. The company has a market cap of $9.45 billion, a PE ratio of 29.20 and a beta of 0.80.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts expect that Toro Company will post 4.41 EPS for the current year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 30th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. Toro’s dividend payout ratio is 46.71%.

Toro 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.