Toro (NYSE:TTC) Director Sells $492,129.40 in Stock

Toro Company (The) (NYSE:TTC) Director James Calvin O’rourke sold 4,951 shares of Toro stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total transaction of $492,129.40. Following the transaction, the director directly owned 2,704 shares in the company, valued at $268,777.60. This trade represents a 64.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Toro Price Performance

TTC stock opened at $95.45 on Friday. The firm has a market cap of $9.25 billion, a P/E ratio of 28.58 and a beta of 0.80. The firm’s fifty day moving average is $94.59 and its 200 day moving average is $82.16. Toro Company has a 52 week low of $62.34 and a 52 week high of $105.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts predict that Toro Company will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTC has been the topic of several recent research reports. Robert W. Baird lifted their price target on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. DA Davidson lifted their target price on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $100.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Davis Capital Management purchased a new stake in Toro in the third quarter worth $42,000. Danske Bank A S purchased a new position in Toro during the third quarter valued at $46,000. MTM Investment Management LLC purchased a new position in Toro during the second quarter valued at $85,000. Quent Capital LLC bought a new stake in shares of Toro during the 3rd quarter valued at $97,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Toro during the 3rd quarter valued at $119,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Company Profile

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.