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

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

Toro Trading Down 0.4%

TTC opened at $91.54 on Thursday. Toro Company has a twelve month low of $67.04 and a twelve month high of $105.18. 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 company has a fifty day moving average of $92.86 and a 200-day moving average of $89.55. The stock has a market cap of $8.72 billion, a PE ratio of 26.38 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, topping the consensus estimate of $1.50 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a net margin of 7.29% and a return on equity of 31.13%. Toro’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, sell-side analysts predict that Toro Company will post 4.6 EPS for the current year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis 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

A number of hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC lifted its position in shares of Toro by 6.0% during the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock valued at $284,000 after purchasing an additional 203 shares in the last quarter. Essential Partners LLC lifted its position in shares of Toro by 2.3% during the first quarter. Essential Partners LLC now owns 10,519 shares of the company’s stock valued at $983,000 after purchasing an additional 233 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Toro by 10.2% during the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock valued at $274,000 after purchasing an additional 321 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of Toro by 4.3% during the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock valued at $740,000 after purchasing an additional 400 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Toro by 0.3% during the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after purchasing an additional 410 shares in the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Robert W. Baird reduced their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Toro in a report on Friday, April 17th. Finally, DA Davidson raised their price target on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.