On Wednesday, there was an unusually substantial volume of activity regarding trading options in relation to The Toro Company (NYSE: TTC). The total number of put options on the stock purchased by market participants was 1,176. This represents a 1,709% increase in the volume of put options traded compared to the daily average volume of 65. The volume of put options traded has increased.
The most recent quarterly earnings report for Toro, traded on the New York Stock Exchange under the TTC, was made public on December 21. The company reported $1.11 per share for the quarter, which was $0.02 higher than the average analyst projection of $1.09 per share. In their financial statements, Toro indicated a net margin of 9.82% and a return on equity of 35.67%. Despite predictions made by analysts that the company would bring in $1.18 billion in revenue during the quarter, the company was only able to bring in $1.17 billion in revenue overall. In the same period the year before, the business posted profits per share of $0.56 in the same amount. The company’s quarterly revenue increased by 22.0% during the previous year. According to projections made by stock market analysts, Toro will bring in 4.8 cents per share in profits for the current fiscal year.
When trading started on Thursday, the price of one share of Toro was $113.15 per share. The simple moving average of the company’s stock price over the past 200 days is $93.59, and the simple moving average over the last fifty days is $109.04. The current price of Toro represents a one-year high of $115.57, while the current price of $71.86 represents a one-year low. All of the financial ratios, including the debt-to-equity ratio, the current ratio, and the quick ratio, equal 0.73; 1.58 is the value of the current ratio, and 0.59 is the value of the quick ratio. The enterprise has a price-to-earnings ratio of 26.88, a beta value of 0.76, and a market capitalization of $11.77 billion.
Many analysts have been discussing stock as their topic of choice in their writings and presentations. On December 7, the recommendation that StockNews.com had previously given for Toro’s shares, which had been a “buy” rating, was changed to a “hold” rating. Robert W. Baird lowered their target price on Toro shares in a research note published on December 22. The new price target for Toro shares is $116.00, down from $120.00. In a report distributed on Friday, December 23, Raymond James changed their rating on Toro from “market perform” to “outperform” and set a target price of $130.00 for the stock. In a report distributed on Tuesday, September 6, Northcoast Research changed its recommendation on Toro shares from “neutral” to “buy,” which signifies an upward shift in sentiment.
In addition, the business has recently disclosed that it will be implementing a quarterly dividend scheduled to take place on January 11 of this year. Shareholders who are still registered as such as of December 28 will be eligible to receive a $0.34 dividend payment per share. The most recent quarterly dividend paid by Toro was $0.30, so we can confidently say this represents an increase. This yields 1.20 percent each month and a dividend payment of 1.36 dollars annually for the investor. The date that is scheduled to be used for the distribution of dividends is Tuesday, December 27. At the moment, Toro maintains a payout ratio that amounts to 28.50%.
Additionally, on Tuesday, December 27, Toro Vice President Blake M. Grams sold 6,199 shares of the company’s stock. The transaction that resulted in a total of $706,747.99 was $114.01 per share, the average price paid for the shares. The price paid per share for the transaction was $114.01. Following the fruitful conclusion of the transaction, the vice president is now the direct owner of 36,998 shares of the company’s stock. According to the current market, the total value of these shares is $4,218,141.98. If you click on this link, you will be taken to a legal filing that was made with the SEC, which will give you more information regarding the transaction and take you there immediately.
Additionally, on Tuesday, December 27, Toro Vice President Blake M. Grams sold 6,199 shares of the company’s stock. The transaction that resulted in a total of $706,747.99 was $114.01 per share, the average price paid for the shares. The price paid per share for the transaction was $114.01. Following the fruitful conclusion of the transaction, the vice president is now the direct owner of 36,998 shares of the company’s stock. According to the current market, the total value of these shares is $4,218,141.98. If you click on this link, you will be taken to a legal filing that was made with the SEC, which will give you more information regarding the transaction and take you there immediately. On September 30, Vice President Kurt D. Svendsen sold an additional 4,000 shares of the company’s stock. This transaction took place on Friday. As a result of the sale of the shares resulted in a total of $349,360.00, with an average price of $87.34 per share for each acquired share. After the deal’s completion, the vice president gained direct ownership of 10,575 shares of company stock, which have a combined value of $923,620.50. Disclosures that are relevant to the sale might be found in this section of the website. People currently employed by the company hold 2.10 percent of the total shares outstanding in the company.
Discussion about this post