Insider Selling: Toro (NYSE:TTC) CEO Sells $11,957,910.00 in Stock

Toro Company (The) (NYSE:TTC) CEO Richard Olson sold 119,400 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total value of $11,957,910.00. Following the completion of the transaction, the chief executive officer directly owned 38,186 shares in the company, valued at $3,824,327.90. This trade represents a 75.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Toro Trading Up 0.5%

Shares of NYSE:TTC opened at $95.45 on Friday. The stock has a 50 day moving average of $94.59 and a 200 day moving average of $82.16. The company has a market cap of $9.25 billion, a PE ratio of 28.58 and a beta of 0.80. Toro Company has a 12-month low of $62.34 and a 12-month high of $105.18. The company has a current ratio of 1.69, a quick ratio of 0.73 and a debt-to-equity ratio of 0.75.

Toro (NYSE:TTC) last released its earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business earned $0.65 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Toro Company will post 4.41 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on TTC shares. DA Davidson raised their price objective on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Robert W. Baird increased 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. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Raymond James Financial cut Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen upgraded Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.40.

Hedge Funds Weigh In On Toro

Hedge funds have recently modified their holdings of the stock. Davis Capital Management purchased a new position in Toro during the third quarter valued at $42,000. Danske Bank A S bought a new stake in Toro in the 3rd quarter valued at $46,000. MTM Investment Management LLC purchased a new stake in Toro in the 2nd quarter worth $85,000. Quent Capital LLC purchased a new stake in Toro in the 3rd quarter worth $97,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Toro during the 3rd quarter valued at about $119,000. Hedge funds and other 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.