Edric Funk Sells 145 Shares of Toro (NYSE:TTC) Stock

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

Toro Price Performance

NYSE TTC opened at $92.75 on Friday. The firm’s fifty day simple moving average is $95.94 and its two-hundred day simple moving average is $94.76. 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 12-month low of $67.64 and a 12-month high of $105.18. The firm has a market capitalization of $8.78 billion, a P/E ratio of 24.80 and a beta of 0.70.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.31 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Toro had a return on equity of 31.86% and a net margin of 7.64%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Analysts forecast that Toro Company will post 4.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Toro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew 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 last quarter. LSV Asset Management acquired a new stake in shares of Toro during the fourth quarter worth about $1,078,000. SG Americas Securities LLC lifted its holdings in shares of Toro by 416.7% during the first 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 during the period. Entropy Technologies LP purchased a new stake in Toro in the fourth quarter valued at approximately $1,664,000. Finally, Benjamin Edwards Inc. boosted its position in Toro by 22.0% in the second quarter. Benjamin Edwards Inc. now owns 74,419 shares of the company’s stock valued at $7,250,000 after buying an additional 13,433 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TTC. Wall Street Zen downgraded Toro from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. DA Davidson cut their price objective on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Robert W. Baird decreased their price objective on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Finally, Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.50.

Toro Company Profile

The Toro Company (NYSE:TTC) is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro’s product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.