Toro (NYSE:TTC) VP Kurt Svendsen Sells 6,600 Shares

Toro Company (The) (NYSE:TTC) VP Kurt Svendsen sold 6,600 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total value of $614,394.00. Following the transaction, the vice president directly owned 12,166 shares of the company’s stock, valued at $1,132,532.94. The trade was a 35.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Toro Stock Up 4.1%

Shares of NYSE:TTC opened at $94.89 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Toro Company has a 52-week low of $67.64 and a 52-week high of $105.18. The stock’s fifty day simple moving average is $92.21 and its 200-day simple moving average is $91.04. The company has a market capitalization of $9.04 billion, a P/E ratio of 27.35 and a beta of 0.70.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, June 4th. The company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. Toro had a return on equity of 31.13% and a net margin of 7.29%.The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company earned $1.42 earnings per share. The business’s revenue for the quarter 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, equities research analysts forecast that Toro Company will post 4.6 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 16th. Toro’s dividend payout ratio (DPR) is currently 44.96%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TTC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. 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. Robert W. Baird reduced their price target 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, Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.75.

Institutional Investors Weigh In On Toro

Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC increased its position in Toro by 10.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after purchasing an additional 586 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 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. Caxton Associates LLP acquired a new position in shares of Toro in the 1st quarter valued at $285,000. Empowered Funds LLC grew its stake in shares of Toro by 9.8% during the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after buying an additional 3,464 shares during the period. Finally, Focus Partners Wealth grew its stake in shares of Toro by 191.5% during the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after buying an additional 4,984 shares during the period. 87.95% of the stock is owned by institutional investors and hedge funds.

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.