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

Key Points

• Confluence Investment Management reduced its Toro stake by 10.8%, selling 25,125 shares in the third quarter and retaining 208,521 shares valued at approximately $20.1 million.
• Toro reported quarterly EPS of $1.33, exceeding estimates of $1.31, while revenue rose 8.4% year over year to $1.23 billion. The company reaffirmed fiscal 2026 EPS guidance of $4.60–$4.65.
• Toro declared a quarterly dividend of $0.39 per share, representing an annualized payout of $1.56 and a 1.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $111.67.

Confluence Investment Management LLC lessened its position in Toro Company (The) (NYSE:TTC - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 208,521 shares of the company's stock after selling 25,125 shares during the period. Confluence Investment Management LLC owned about 0.22% of Toro worth $20,106,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TTC. Security National Bank of SO Dak bought a new position in Toro in the 2nd quarter valued at approximately $58,000. Tidal Investments LLC increased its holdings in shares of Toro by 69.9% in the 2nd quarter. Tidal Investments LLC now owns 26,014 shares of the company's stock worth $2,534,000 after purchasing an additional 10,701 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of Toro by 73.9% in the second quarter. Engineers Gate Manager LP now owns 75,330 shares of the company's stock worth $7,339,000 after purchasing an additional 32,003 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Toro by 22.8% in the second quarter. NewEdge Advisors LLC now owns 4,705 shares of the company's stock worth $458,000 after purchasing an additional 873 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Toro by 4,227.0% during the second quarter. Baird Financial Group Inc. now owns 175,893 shares of the company's stock valued at $17,135,000 after purchasing an additional 171,828 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company's stock.

Toro Stock Performance

Shares of TTC stock traded up $0.03 during trading hours on Thursday, reaching $96.45. 178,558 shares of the company traded hands, compared to its average volume of 838,350. Toro Company has a 12-month low of $67.64 and a 12-month high of $105.18. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 0.74. The company has a market cap of $9.13 billion, a P/E ratio of 25.78 and a beta of 0.70. The firm has a 50-day moving average price of $96.07 and a 200 day moving average price of $94.34.

Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.19 billion. During the same period in the previous year, the company posted $1.24 EPS. 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. As a group, sell-side 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 will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. Toro's dividend payout ratio is 41.71%.

Analyst Ratings Changes

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

Toro 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.

Want to see what other hedge funds are holding TTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toro Company (The) (NYSE:TTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.