Toro Company (The) (NYSE:TTC) Plans Quarterly Dividend of $0.39

Toro Company (The) (NYSE:TTC) declared a quarterly dividend on Tuesday, September 22nd. Investors of record on Tuesday, October 6th will be given a dividend of 0.39 per share on Tuesday, October 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, October 6th.

Toro has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 21 years. Toro has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Toro to earn $5.05 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 30.9%.

Toro Price Performance

Shares of TTC traded up $2.72 during mid-day trading on Wednesday, hitting $97.24. 61,530 shares of the company traded hands, compared to its average volume of 840,652. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 26.00 and a beta of 0.70. The business has a 50-day moving average of $95.76 and a 200 day moving average of $94.39. Toro has a one year low of $67.64 and a one year high of $105.18.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, equities analysts expect that Toro will post 4.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Edric Funk sold 527 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $51,630.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders sold 1,528 shares of company stock worth $149,175. Company insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTC. Baird Financial Group Inc. grew its position in shares of Toro by 4,227.0% in the 2nd quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock valued at $17,135,000 after buying an additional 171,828 shares during the last quarter. Corient Private Wealth LP boosted its holdings in shares of Toro by 1,063.5% in the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock valued at $18,314,000 after acquiring an additional 171,826 shares in the last quarter. SG Americas Securities LLC grew its holdings in Toro by 416.7% during the first quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock worth $6,396,000 after acquiring an additional 55,206 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of Toro by 379.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after purchasing an additional 44,030 shares during the period. Finally, Engineers Gate Manager LP grew its stake in Toro by 73.9% in the 2nd quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock valued at $7,339,000 after acquiring an additional 32,003 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Company Profile

The Toro Company (NYSE:TTC) is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro’s product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.