Syon Capital LLC Decreases Stock Position in Toro Company (The) $TTC

Syon Capital LLC trimmed its position in shares of Toro Company (The) (NYSE:TTC) by 44.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,540 shares of the company’s stock after selling 6,788 shares during the quarter. Syon Capital LLC’s holdings in Toro were worth $672,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TTC. Rothschild Investment LLC raised its stake in shares of Toro by 6.0% in the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock valued at $284,000 after acquiring an additional 203 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Toro by 10.2% in the 4th quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock worth $274,000 after acquiring an additional 321 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Toro by 4.3% during the 3rd quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock worth $740,000 after purchasing an additional 400 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Toro by 10.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after purchasing an additional 586 shares during the last quarter. Finally, Danske Bank A S bought a new position in Toro during the 3rd quarter valued at about $46,000. Institutional investors own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

TTC has been the subject of several analyst reports. DA Davidson raised their price objective on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Robert W. Baird reduced their price target on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Finally, Raymond James Financial lowered Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.75.

Insider Activity at Toro

In other news, Director Gary Lee Ellis sold 4,951 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total value of $455,046.41. Following the completion of the sale, the director owned 35,297 shares in the company, valued at approximately $3,244,147.27. The trade was a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.88% of the company’s stock.

Toro Stock Down 0.4%

Shares of NYSE:TTC opened at $91.54 on Thursday. The business’s 50 day moving average is $92.86 and its 200 day moving average is $89.55. The stock has a market cap of $8.72 billion, a P/E ratio of 26.38 and a beta of 0.70. Toro Company has a 52-week low of $67.04 and a 52-week high of $105.18. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 4th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.10. Toro had a return on equity of 31.13% and a net margin of 7.29%.The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business earned $1.42 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Sell-side analysts predict that Toro Company will post 4.6 EPS for the current year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th will be 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 is Tuesday, June 16th. Toro’s dividend payout ratio is presently 44.96%.

Toro Company Profile

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.