Kestra Investment Management LLC Sells 4,952 Shares of Toro Company (The) $TTC

Kestra Investment Management LLC decreased its holdings in Toro Company (The) (NYSE:TTC) by 8.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,008 shares of the company’s stock after selling 4,952 shares during the quarter. Kestra Investment Management LLC’s holdings in Toro were worth $4,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Provenance Wealth Advisors LLC purchased a new position in Toro during the 3rd quarter worth $27,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Toro in the third quarter valued at about $38,000. Security National Bank of SO Dak purchased a new stake in Toro in the second quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. raised its stake in Toro by 237.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock valued at $75,000 after buying an additional 541 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Toro in the third quarter worth about $81,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

Toro Trading Up 3.0%

NYSE:TTC opened at $107.95 on Tuesday. Toro Company has a 12 month low of $67.64 and a 12 month high of $110.87. The firm has a fifty day simple moving average of $99.14 and a 200-day simple moving average of $95.95. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $10.22 billion, a P/E ratio of 23.47, a PEG ratio of 2.11 and a beta of 0.67.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $1.24 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, equities research analysts anticipate that Toro Company will post 4.64 earnings per share for the current year.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. Toro’s payout ratio is currently 41.71%.

Analyst Upgrades and Downgrades

TTC has been the topic of a number of research analyst reports. Oppenheimer started coverage on Toro in a research note on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 price target on the stock. Weiss Ratings upgraded shares of Toro from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 29th. DA Davidson decreased their price objective on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Finally, Wall Street Zen lowered shares of Toro from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 4th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Toro currently has a consensus rating of “Moderate Buy” and an average price target of $111.67.

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