Toro Company (The) (NYSE:TTC - Get Free Report) saw unusually large options trading activity on Wednesday. Traders bought 1,176 put options on the stock. This is an increase of 1,709% compared to the average daily volume of 65 put options.
Insider Buying and Selling
In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total value of $425,940.00. Following the completion of the sale, the vice president directly owned 11,646 shares of the company's stock, valued at $826,749.54. The trade was a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Toro
A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Toro by 597.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,095 shares of the company's stock worth $289,000 after purchasing an additional 3,508 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Toro by 17.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company's stock worth $7,975,000 after purchasing an additional 16,854 shares in the last quarter. Willis Investment Counsel increased its position in shares of Toro by 93.9% during the 2nd quarter. Willis Investment Counsel now owns 17,145 shares of the company's stock worth $1,212,000 after purchasing an additional 8,302 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of Toro during the 2nd quarter worth about $85,000. Finally, SG Americas Securities LLC increased its position in shares of Toro by 124.1% during the 2nd quarter. SG Americas Securities LLC now owns 7,154 shares of the company's stock worth $506,000 after purchasing an additional 3,962 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.
Toro Price Performance
Shares of TTC stock traded down $1.81 during mid-day trading on Friday, reaching $78.13. The company's stock had a trading volume of 1,254,458 shares, compared to its average volume of 877,814. Toro has a 1-year low of $62.34 and a 1-year high of $89.50. The company has a market cap of $7.65 billion, a P/E ratio of 23.68 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88. The firm's 50-day moving average is $77.13 and its two-hundred day moving average is $73.60.
Toro (NYSE:TTC - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.02. Toro had a net margin of 7.37% and a return on equity of 28.98%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the company posted $1.18 EPS. The business's revenue was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, research analysts predict that Toro will post 4.41 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on TTC shares. Longbow Research raised shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a research report on Monday, August 25th. Northland Capmk downgraded shares of Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Robert W. Baird upped their price objective on shares of Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. DA Davidson upped their price objective on shares of Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Northland Securities upped their price objective on shares of Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a report on Tuesday, September 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $92.60.
Check Out Our Latest Stock Analysis on TTC
About Toro
(
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The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.
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