Toro (NYSE:TTC) Director Gary Lee Ellis Sells 4,951 Shares

Toro Company (The) (NYSE:TTC) Director Gary Lee Ellis sold 4,951 shares of Toro stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $91.91, for a total value of $455,046.41. Following the completion of the sale, the director owned 35,297 shares of the company’s stock, valued at $3,244,147.27. The trade was a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Toro Stock Performance

NYSE TTC traded down $0.15 during trading hours on Wednesday, hitting $91.77. The company’s stock had a trading volume of 442,010 shares, compared to its average volume of 887,919. Toro Company has a 12 month low of $67.04 and a 12 month high of $105.18. The company’s 50 day simple moving average is $92.85 and its two-hundred day simple moving average is $89.38. The company has a market cap of $8.74 billion, a P/E ratio of 26.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.74.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, June 4th. The company reported $1.60 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $1.42 EPS. Toro’s revenue for the quarter was up 8.1% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. As a group, sell-side analysts expect that Toro Company will post 4.58 EPS for the current fiscal year.

Toro Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. lifted its position in shares of 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 buying an additional 44,030 shares in the last quarter. LSV Asset Management purchased a new position in shares of Toro during the 4th quarter valued at about $1,078,000. Willis Investment Counsel lifted its position in shares of Toro by 46.7% during the 4th quarter. Willis Investment Counsel now owns 25,896 shares of the company’s stock valued at $2,039,000 after buying an additional 8,243 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Toro by 45.2% during the 4th quarter. Farther Finance Advisors LLC now owns 18,108 shares of the company’s stock valued at $1,425,000 after buying an additional 5,634 shares in the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new position in shares of Toro during the 4th quarter valued at about $579,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Robert W. Baird dropped 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. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, DA Davidson raised their target price on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.