Toro (NYSE:TTC) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Toro Company (The) (NYSE:TTC) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $92.51 and traded as high as $94.75. Toro shares last traded at $93.3390, with a volume of 637,847 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TTC shares. Robert W. Baird cut their price target 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 upgraded shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $101.75.

Toro Trading Up 1.4%

The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 27.10 and a beta of 0.68. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $92.48 and a two-hundred day moving average of $93.06.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, June 4th. The company reported $1.60 EPS 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 company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, research analysts expect that Toro Company will post 4.6 EPS for the current year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. Toro’s payout ratio is currently 44.96%.

Insider Buying and Selling at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,600 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the completion of the sale, the vice president directly owned 12,166 shares in the company, valued at $1,132,532.94. This represents a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Edric C. Funk sold 527 shares of Toro stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $51,630.19. The disclosure for this sale is available in the SEC filing. Insiders sold 12,934 shares of company stock worth $1,204,933 over the last ninety days. Company insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. bought a new stake in shares of Toro in the first quarter valued at approximately $39,000. Danske Bank A S bought a new position in Toro during the third quarter worth $46,000. Root Financial Partners LLC increased its position in Toro by 277.8% during the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after acquiring an additional 714 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Toro during the 3rd quarter valued at $119,000. Finally, Eagle Bay Advisors LLC acquired a new position in Toro during the 1st quarter valued at $209,000. 87.95% of the stock is owned by institutional investors.

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.