Insider Selling: Toro (NYSE:TTC) Director Sells $455,046.41 in Stock

Toro Company (The) (NYSE:TTC) Director Gary Lee Ellis sold 4,951 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $91.91, for a total value of $455,046.41. Following the sale, the director directly owned 35,297 shares of the company’s stock, valued at $3,244,147.27. This represents a 12.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Toro Stock Performance

Shares of NYSE:TTC opened at $90.75 on Friday. The stock has a market capitalization of $8.64 billion, a P/E ratio of 26.15 and a beta of 0.70. Toro Company has a 1-year low of $67.04 and a 1-year 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 business has a 50-day moving average price of $92.79 and a two-hundred day moving average price of $89.71.

Toro (NYSE:TTC) last announced 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 firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a return on equity of 31.13% and a net margin of 7.29%.The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Equities analysts predict that Toro Company will post 4.6 earnings per share for the current year.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 16th. Toro’s payout ratio is currently 44.96%.

Institutional Trading of Toro

Institutional investors and hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. increased its stake in shares of Toro by 379.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after acquiring an additional 44,030 shares during the last quarter. LSV Asset Management acquired a new position in shares of Toro in the 4th quarter valued at approximately $1,078,000. Willis Investment Counsel grew its position in shares of Toro by 46.7% in the 4th quarter. Willis Investment Counsel now owns 25,896 shares of the company’s stock valued at $2,039,000 after purchasing an additional 8,243 shares during the period. Farther Finance Advisors LLC grew its position in shares of Toro by 45.2% in the 4th quarter. Farther Finance Advisors LLC now owns 18,108 shares of the company’s stock valued at $1,425,000 after purchasing an additional 5,634 shares during the period. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Toro in the 4th quarter valued at approximately $579,000. 87.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TTC has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price target on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. DA Davidson upped their price target on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Raymond James Financial cut Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Toro has an average rating of “Hold” and a consensus 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.