Toro Company (The) (NYSE:TTC) to Issue Quarterly Dividend of $0.39

Toro Company (The) (NYSE:TTC) announced a quarterly dividend on Tuesday, March 17th. Stockholders of record on Monday, March 30th will be paid a dividend of 0.39 per share on Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, March 30th.

Toro has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 21 consecutive years. Toro has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Toro to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 33.4%.

Toro Price Performance

Shares of Toro stock opened at $94.87 on Wednesday. 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 52-week low of $62.34 and a 52-week high of $105.18. The company has a fifty day moving average of $95.08 and a 200-day moving average of $82.35. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 28.41 and a beta of 0.80.

Toro (NYSE:TTC) last issued its earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts expect that Toro will post 4.41 EPS for the current year.

Insider Activity

In other news, Director James Calvin O’rourke sold 4,951 shares of Toro stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the sale, the director owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. The trade was a 64.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard M. Olson sold 119,400 shares of Toro 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 directly owned 38,186 shares in the company, valued at approximately $3,824,327.90. The trade was a 75.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.88% of the company’s stock.

Hedge Funds Weigh In On Toro

A number of institutional investors have recently added to or reduced their stakes in TTC. Davis Capital Management bought a new stake in Toro during the third quarter worth about $42,000. Danske Bank A S bought a new position in Toro during the 3rd quarter valued at approximately $46,000. Quent Capital LLC purchased a new position in Toro during the third quarter valued at $97,000. Harvest Fund Management Co. Ltd purchased a new position in Toro during the third quarter valued at $119,000. Finally, Birchwood Financial Partners Inc. bought a new stake in Toro in the fourth quarter worth $215,000. Institutional investors own 87.95% of the company’s stock.

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.