Toro (NYSE:TTC) VP Kurt Svendsen Sells 6,600 Shares

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 stock was sold at an average price of $93.09, for a total value of $614,394.00. Following the sale, the vice president owned 12,166 shares of the company’s stock, valued at $1,132,532.94. The trade was a 35.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Toro Stock Up 4.1%

NYSE:TTC traded up $3.73 on Wednesday, hitting $94.89. 1,325,534 shares of the company’s stock traded hands, compared to its average volume of 905,379. The company has a market cap of $9.04 billion, a PE ratio of 27.35 and a beta of 0.70. Toro Company has a 1 year low of $67.64 and a 1 year high of $105.18. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $92.27 and a 200-day moving average price of $90.88.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, June 4th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The business 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 firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Equities analysts anticipate that Toro Company will post 4.6 EPS for the current fiscal year.

Toro Dividend Announcement

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

Hedge Funds Weigh In On Toro

Several institutional investors have recently bought and sold shares of TTC. Pinnacle Bancorp Inc. acquired a new stake in shares of Toro in the first quarter worth about $39,000. Danske Bank A S acquired a new position in shares of Toro during the 3rd quarter valued at about $46,000. Root Financial Partners LLC increased its holdings in shares of Toro by 277.8% during the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after acquiring an additional 714 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Toro in the 3rd quarter valued at approximately $119,000. Finally, Eagle Bay Advisors LLC bought a new position in shares of Toro in the 1st quarter valued at approximately $209,000. 87.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TTC shares. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toro in a report on Friday, April 17th. 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. Finally, DA Davidson boosted their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Toro currently has a consensus rating of “Hold” and a consensus price target of $101.75.

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.