Toro (NYSE:TTC) COO Sells 145 Shares

Toro Company (The) (NYSE:TTC) COO Edric Funk sold 145 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $94.36, for a total value of $13,682.20. Following the completion of the sale, the chief operating officer directly owned 3,254 shares in the company, valued at approximately $307,047.44. This trade represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Toro Stock Performance

TTC traded down $0.64 during trading on Wednesday, reaching $94.11. 234,100 shares of the company were exchanged, compared to its average volume of 829,349. The stock has a market cap of $8.91 billion, a P/E ratio of 25.17 and a beta of 0.70. The firm has a 50 day moving average of $96.08 and a 200 day moving average of $94.87. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. Toro Company has a 52 week low of $67.64 and a 52 week high of $105.18.

Toro (NYSE:TTC) last posted its earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%.The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business posted $1.24 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, sell-side analysts forecast that Toro Company will post 4.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on TTC. DA Davidson reduced their target price on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Weiss Ratings upgraded shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Wall Street Zen cut Toro from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Robert W. Baird reduced their price objective on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $107.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its position in Toro by 10.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after purchasing an additional 586 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Toro by 37.4% during 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. Caxton Associates LLP bought a new stake in shares of Toro in the 1st quarter worth $285,000. Empowered Funds LLC raised its stake in shares of Toro by 9.8% in the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after buying an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Toro by 191.5% in the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after buying an additional 4,984 shares during the period. 87.95% of the stock is currently owned by institutional investors.

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.