Toro (NYSE:TTC) COO Edric Funk Sells 145 Shares

Toro Company (The) (NYSE:TTC) COO Edric Funk sold 145 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $94.36, for a total transaction of $13,682.20. Following the transaction, the chief operating officer directly owned 3,254 shares in the company, valued at $307,047.44. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Toro Trading Down 0.0%

Shares of NYSE TTC opened at $94.72 on Thursday. The stock’s 50 day moving average price is $96.03 and its two-hundred day moving average price is $94.83. Toro Company has a 52-week low of $67.64 and a 52-week high of $105.18. The stock has a market capitalization of $8.97 billion, a P/E ratio of 25.32 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

Toro (NYSE:TTC) last issued its earnings results on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Toro had a return on equity of 31.86% and a net margin of 7.64%.The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, analysts anticipate that Toro Company will post 4.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. DA Davidson decreased their price target on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a report on Friday, September 4th. Robert W. Baird cut their price target on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Wall Street Zen lowered Toro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Toro presently has an average rating of “Hold” and an average target price of $107.50.

Institutional Investors Weigh In On Toro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTC. Pinnacle Bancorp Inc. acquired a new stake in Toro during the first quarter valued at approximately $39,000. Danske Bank A S bought a new position in shares of Toro in the third quarter valued at $46,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Toro by 237.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock valued at $75,000 after buying an additional 541 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Toro by 277.8% during the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after acquiring an additional 714 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Toro during the 3rd quarter valued at $119,000. 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.