Toro (NYSE:TTC) CFO Buys $14,400.00 in Stock

Toro Company (The) (NYSE:TTC) CFO Angela Drake purchased 160 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $90.00 per share, with a total value of $14,400.00. Following the completion of the purchase, the chief financial officer owned 9,571 shares in the company, valued at $861,390. This represents a 1.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Toro Stock Up 0.2%

Shares of TTC stock opened at $92.83 on Friday. Toro Company has a 1 year low of $67.64 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56. The business’s fifty day moving average is $92.51 and its 200-day moving average is $90.44. The stock has a market cap of $8.84 billion, a PE ratio of 26.75 and a beta of 0.70.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, June 4th. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10. Toro had a return on equity of 31.13% and a net margin of 7.29%.The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. The company’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. Equities analysts expect that Toro Company will post 4.6 earnings per share for the current fiscal year.

Toro Announces Dividend

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

Institutional Investors Weigh In On Toro

Several hedge funds have recently modified their holdings of TTC. Goldman Sachs Group Inc. boosted its position in shares of Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after purchasing an additional 124,373 shares during the period. Van ECK Associates Corp raised its holdings in Toro by 4.4% during the 4th quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after buying an additional 10,835 shares during the period. Russell Investments Group Ltd. lifted its stake in Toro by 0.3% during the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after buying an additional 410 shares in the last quarter. SG Americas Securities LLC lifted its stake in Toro by 416.7% during the first quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock valued at $6,396,000 after buying an additional 55,206 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Toro by 425.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after buying an additional 52,457 shares during the period. 87.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. DA Davidson raised their price objective on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Robert W. Baird dropped their target price on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Toro presently has a consensus rating of “Hold” and a consensus target price of $101.75.

Toro Company Profile

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.