Edric Funk Sells 856 Shares of Toro (NYSE:TTC) Stock

Toro Company (The) (NYSE:TTC) COO Edric Funk sold 856 shares of Toro stock in a transaction on Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $83,862.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Toro Stock Up 0.8%

NYSE TTC traded up $0.76 on Monday, hitting $97.59. 562,261 shares of the company were exchanged, compared to its average volume of 906,087. The company has a market cap of $9.29 billion, a PE ratio of 28.13 and a beta of 0.70. Toro Company has a 12 month low of $67.64 and a 12 month high of $105.18. The stock has a fifty day moving average of $92.28 and a 200-day moving average of $91.41. 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 posted its quarterly earnings results on Thursday, June 4th. The company reported $1.60 earnings per share 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 during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The business’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. As a group, analysts forecast that Toro Company will post 4.6 earnings per share for the current year.

Toro Dividend Announcement

The company 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. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 16th. Toro’s payout ratio is presently 44.96%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen upgraded Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. DA Davidson boosted their price objective on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a report on Monday, March 9th. Robert W. Baird lowered 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toro in a report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Toro currently has an average rating of “Hold” and an average target price of $101.75.

Hedge Funds Weigh In On Toro

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

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.