Investors Purchase Large Volume of Put Options on Toro (NYSE:TTC)

Key Points

• Investors bought 1,176 put options on Toro on Wednesday — a 1,709% jump above the average volume of 65, signaling notable bearish positioning or hedging activity.
• Toro posted a quarterly EPS beat ($0.74 vs. $0.65) and $1.04B in revenue, set FY2026 guidance of 4.40–4.60 EPS, and trades around a PE of ~27.8 with a market cap near $9B.
• Corporate insiders materially reduced holdings, most notably the CEO selling 119,400 shares for about $11.96M (a ~75.8% drop in his ownership), which may attract investor attention.

Toro Company (The) (NYSE:TTC - Get Free Report) was the target of some unusual options trading on Wednesday. Stock investors purchased 1,176 put options on the company. This represents an increase of 1,709% compared to the average volume of 65 put options.

Toro Stock Performance

Shares of NYSE TTC opened at $92.77 on Thursday. The company has a market capitalization of $8.99 billion, a PE ratio of 27.78 and a beta of 0.80. The company's fifty day moving average price is $96.96 and its 200 day moving average price is $84.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. Toro has a 1 year low of $65.28 and a 1 year high of $105.18.

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

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, March 30th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, March 30th. Toro's dividend payout ratio (DPR) is presently 46.71%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Toro

Hedge funds and other institutional investors have recently modified their holdings of the business. Davis Capital Management purchased a new position in shares of Toro in the third quarter worth about $42,000. Danske Bank A S purchased a new stake in Toro in the third quarter valued at $46,000. Quent Capital LLC purchased a new stake in Toro in the third quarter valued at $97,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Toro in the 3rd quarter worth approximately $119,000. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of Toro in the 4th quarter worth approximately $215,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

About Toro

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.

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