Thu Sep 19 05:51:12 UTC 2024: ## Toro Company Sees Unusual Options Activity and Mixed Analyst Sentiment

**New York, NY** – The Toro Company (NYSE:TTC), a leading manufacturer of turf maintenance equipment, experienced unusual options trading activity on Wednesday, September 18th. Investors purchased a significant volume of put options, representing a 1,709% increase over the average volume, indicating a potential bearish sentiment.

Recent research reports have painted a mixed picture for the company. Robert W. Baird downgraded Toro to a “neutral” rating with a reduced price target of $92.00, while Northland Securities maintained a “market perform” rating and a $100.00 price target. However, StockNews.com upgraded Toro to a “buy” rating, and DA Davidson lowered the price target to $88.00 with a “neutral” rating. Overall, analysts currently maintain a “hold” rating on the stock with an average target price of $93.33.

Toro’s recent earnings report revealed that the company missed analysts’ expectations for both earnings per share and revenue. While revenue increased by 6.9% year-over-year, the company reported $1.18 EPS, falling short of the estimated $1.23.

Despite the mixed outlook, Toro remains committed to its dividend program, announcing a quarterly dividend of $0.36 per share, representing an annualized dividend of $1.44 and a yield of 1.69%.

Insiders, including CEO Richard M. Olson, have been actively trading Toro shares. Olson recently sold 20,000 shares for a total transaction of $1,903,800.00. Institutional investors currently own a significant portion of the company’s stock, with hedge funds and other institutional investors holding 87.95% of the shares.

Toro continues to operate in two segments: Professional and Residential. The company offers a wide range of products, including turf and landscape equipment, rental and construction equipment, snow and ice management equipment, and related services.

With recent earnings misses, mixed analyst sentiment, and unusual options trading activity, investors will be closely watching Toro’s performance in the coming months to see if it can regain its momentum.

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