Angela Drake Buys 160 Shares of Toro (NYSE:TTC) Stock

Toro Company (The) (NYSE:TTC) CFO Angela Drake acquired 160 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $90.00 per share, for a total transaction of $14,400.00. Following the transaction, the chief financial officer owned 9,571 shares of the company’s stock, valued at $861,390. This represents a 1.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Toro Stock Up 2.2%

Toro stock opened at $92.83 on Friday. The company has a market cap of $8.84 billion, a P/E ratio of 26.75 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 fifty day simple moving average of $92.60 and a 200 day simple moving average of $90.43. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, June 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. Toro had a net margin of 7.29% and a return on equity of 31.13%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business earned $1.42 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Research analysts anticipate that Toro Company will post 4.6 earnings per share for the current fiscal year.

Toro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. Toro’s payout ratio is currently 44.96%.

Institutional Investors Weigh In On Toro

A number of institutional investors and hedge funds have recently modified their holdings of TTC. Goldman Sachs Group Inc. lifted its stake in Toro by 37.4% in 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 last quarter. Van ECK Associates Corp increased its position in Toro by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after buying an additional 10,835 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after buying an additional 410 shares during the period. SG Americas Securities LLC raised its stake in Toro by 416.7% in the first quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock valued at $6,396,000 after buying an additional 55,206 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Toro by 425.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after buying an additional 52,457 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TTC has been the subject of several recent research reports. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. DA Davidson boosted their price target on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Robert W. Baird dropped their price objective on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.