Toro (NYSE:TTC) VP Sells $614,394.00 in Stock

Toro Company (The) (NYSE:TTC) VP Kurt Svendsen sold 6,600 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total value of $614,394.00. Following the transaction, the vice president directly owned 12,166 shares of the company’s stock, valued at $1,132,532.94. This represents a 35.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Toro Price Performance

Toro stock traded up $3.73 during midday trading on Wednesday, hitting $94.89. The company’s stock had a trading volume of 1,325,534 shares, compared to its average volume of 905,379. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The stock’s 50-day moving average price is $92.27 and its 200-day moving average price is $90.88. Toro Company has a 12 month low of $67.64 and a 12 month high of $105.18. The company has a market capitalization of $9.04 billion, a PE ratio of 27.35 and a beta of 0.70.

Toro (NYSE:TTC) last posted 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. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Toro had a net margin of 7.29% and a return on equity of 31.13%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Analysts anticipate that Toro Company will post 4.6 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, June 16th. Toro’s dividend payout ratio (DPR) is presently 44.96%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TTC. Goldman Sachs Group Inc. lifted 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 acquiring an additional 124,373 shares in the last quarter. SG Americas Securities LLC grew its position in Toro by 416.7% during the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock worth $6,396,000 after purchasing an additional 55,206 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after purchasing an additional 52,457 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after purchasing an additional 44,030 shares during the period. Finally, Entropy Technologies LP acquired a new stake in shares of Toro in the fourth quarter worth $1,664,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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