Toro (NYSE:TTC) Shares Pass Below 50 Day Moving Average – Time to Sell?

Shares of Toro Company (The) (NYSE:TTC) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $93.60 and traded as low as $91.24. Toro shares last traded at $91.7040, with a volume of 650,983 shares traded.

Wall Street Analysts Forecast Growth

TTC has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Robert W. Baird increased their price objective on shares of Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. DA Davidson increased their price objective on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Finally, Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $100.40.

Toro Stock Performance

The firm has a market cap of $8.71 billion, a P/E ratio of 26.90 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 0.73 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average is $93.42 and its two-hundred day moving average is $88.33.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts predict that Toro Company will post 4.52 EPS for the current fiscal year.

Toro Announces Dividend

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 given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.56 annualized dividend and a yield of 1.7%. Toro’s dividend payout ratio (DPR) is presently 46.71%.

Insider Activity

In related news, CEO Richard M. Olson sold 119,400 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total value of $11,957,910.00. Following the transaction, the chief executive officer owned 38,186 shares of the company’s stock, valued at approximately $3,824,327.90. This trade represents a 75.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Calvin O’rourke sold 4,951 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the transaction, the director directly owned 2,704 shares in the company, valued at approximately $268,777.60. The trade was a 64.68% decrease in their position. The SEC filing for this sale provides additional information. 1.88% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in 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 buying an additional 124,373 shares during the last quarter. Van ECK Associates Corp increased its stake in Toro by 4.4% in the 4th quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock valued at $20,345,000 after buying an additional 10,835 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Toro by 0.3% in the 4th 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 during the last quarter. SG Americas Securities LLC increased its stake in Toro by 416.7% in the 1st 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 during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after buying an additional 52,457 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

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.