Toro Company (The) $TTC Stake Lifted by Inspire Investing LLC

Key Points

• Inspire Investing more than doubled its Toro stake in the third quarter, increasing holdings by 108.6% to 19,744 shares valued at approximately $1.9 million. Institutional investors collectively own 87.95% of Toro.
• Analysts maintain a generally positive outlook, with Toro receiving a consensus “Moderate Buy” rating and an average price target of $111.67. Recent ratings included new “outperform” and upgraded “buy” recommendations.
• Toro exceeded quarterly earnings and revenue expectations, reporting $1.33 in EPS and $1.23 billion in revenue, while revenue rose 8.4% year over year. The company also pays a quarterly dividend of $0.39, equivalent to a 1.5% annual yield.

Inspire Investing LLC boosted its holdings in Toro Company (The) (NYSE:TTC - Free Report) by 108.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,744 shares of the company's stock after purchasing an additional 10,279 shares during the period. Inspire Investing LLC's holdings in Toro were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. MBL Wealth LLC acquired a new stake in Toro in the 3rd quarter valued at $225,000. Root Financial Partners LLC acquired a new position in shares of Toro during the 3rd quarter worth about $99,000. Crossmark Global Holdings Inc. boosted its stake in shares of Toro by 7.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 49,183 shares of the company's stock worth $4,742,000 after buying an additional 3,445 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Toro by 2.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,782 shares of the company's stock worth $664,000 after buying an additional 130 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Toro by 10.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 16,714 shares of the company's stock valued at $1,612,000 after acquiring an additional 1,621 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

Wall Street Analysts Forecast Growth

TTC has been the topic of a number of recent research reports. Oppenheimer began coverage on Toro in a research report on Wednesday, September 23rd. They issued an "outperform" rating and a $120.00 target price on the stock. DA Davidson dropped their target price on Toro from $117.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, September 4th. Wall Street Zen cut Toro from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 4th. Finally, Weiss Ratings raised Toro from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $111.67.

Toro Trading Up 0.1%

Shares of Toro stock opened at $105.41 on Monday. 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 business has a fifty day simple moving average of $97.30 and a two-hundred day simple moving average of $95.05. Toro Company has a 1 year low of $67.64 and a 1 year high of $106.00. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 2.27 and a beta of 0.66.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Research analysts forecast that Toro Company will post 4.64 EPS for the current year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, October 6th. Toro's payout ratio is currently 41.71%.

Toro Company Profile

The Toro Company NYSE: TTC designs, manufactures and markets equipment and solutions for maintaining outdoor environments. Its products serve professional and residential customers in areas such as turf care, landscaping, irrigation, snow and ice management, and outdoor construction.

The company's portfolio includes zero-turn and riding mowers, walk-behind mowers, utility vehicles, turf maintenance equipment, landscape and irrigation systems, snowplows and snow removal equipment, and compact utility and underground construction machinery.

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