Gary Lee Ellis Sells 4,951 Shares of Toro (NYSE:TTC) Stock

Toro Company (The) (NYSE:TTC) Director Gary Lee Ellis sold 4,951 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total value of $455,046.41. Following the sale, the director directly owned 35,297 shares of the company’s stock, valued at approximately $3,244,147.27. This trade represents a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Toro Trading Down 0.2%

TTC stock traded down $0.15 on Wednesday, reaching $91.77. The company’s stock had a trading volume of 442,010 shares, compared to its average volume of 887,919. The business has a fifty day simple moving average of $92.85 and a two-hundred day simple moving average of $89.38. Toro Company has a 12-month low of $67.04 and a 12-month high of $105.18. The firm has a market cap of $8.74 billion, a PE ratio of 26.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, June 4th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. Toro had a return on equity of 31.13% and a net margin of 7.29%.The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $1.42 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. As a group, research analysts forecast that Toro Company will post 4.58 EPS for the current year.

Toro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. Toro’s dividend payout ratio (DPR) is presently 44.96%.

Hedge Funds Weigh In On Toro

Institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. bought a new position in shares of Toro during the first quarter valued at $39,000. Danske Bank A S bought a new position in shares of Toro during the third quarter valued at $46,000. Root Financial Partners LLC increased its holdings in shares of Toro by 277.8% during the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after acquiring an additional 714 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Toro during the third quarter valued at $119,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of Toro during the first quarter valued at $209,000. 87.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.