Insider Selling: Toro (NYSE:TTC) COO Sells $83,862.32 in Stock

Toro Company (The) (NYSE:TTC) COO Edric Funk sold 856 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $97.97, for a total value of $83,862.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Toro Trading Up 0.8%

NYSE:TTC traded up $0.76 during mid-day trading on Monday, hitting $97.59. 562,261 shares of the company’s stock were exchanged, compared to its average volume of 906,087. Toro Company has a fifty-two week low of $67.64 and a fifty-two week 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 market capitalization of $9.29 billion, a P/E ratio of 28.13 and a beta of 0.70. The company has a 50 day simple moving average of $92.28 and a 200-day simple moving average of $91.41.

Toro (NYSE:TTC) last announced 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. The firm 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%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. As a group, research analysts expect that Toro Company will post 4.6 earnings per share for the current year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors 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 1.6%. The ex-dividend date is Tuesday, June 16th. Toro’s dividend payout ratio is presently 44.96%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Robert W. Baird lowered 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. Weiss Ratings restated a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Finally, DA Davidson lifted their price objective on Toro from $97.00 to $117.00 and gave the stock 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Institutional Trading of Toro

A number of institutional investors have recently bought and sold shares of TTC. Goldman Sachs Group Inc. grew its holdings in Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after acquiring an additional 124,373 shares during the period. SG Americas Securities LLC boosted its position in shares of Toro by 416.7% during the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock valued at $6,396,000 after purchasing an additional 55,206 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after purchasing an additional 52,457 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in Toro by 379.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after purchasing an additional 44,030 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Toro during the fourth quarter worth approximately $1,664,000. Institutional investors own 87.95% of the company’s stock.

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.