Insider Selling: Toro (NYSE:TTC) VP Sells $614,394.00 in Stock

Toro Company (The) (NYSE:TTC) VP Kurt Svendsen sold 6,600 shares of the business’s stock in a transaction dated 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 owned 12,166 shares in the company, valued at approximately $1,132,532.94. This represents a 35.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Toro Price Performance

TTC stock opened at $96.83 on Friday. The firm has a market cap of $9.22 billion, a P/E ratio of 27.90 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56. Toro Company has a 1 year low of $67.64 and a 1 year high of $105.18. The stock has a 50-day simple moving average of $92.28 and a 200-day simple moving average of $91.27.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, June 4th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.50 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Toro had a return on equity of 31.13% and a net margin of 7.29%.Toro’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, equities analysts predict that Toro Company will post 4.6 earnings per share for the current fiscal year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 16th. Toro’s payout ratio is presently 44.96%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TTC shares. Robert W. Baird dropped their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. DA Davidson raised their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $101.75.

Institutional Trading of Toro

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in Toro by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after acquiring an additional 124,373 shares in the last quarter. SG Americas Securities LLC grew its holdings in Toro by 416.7% during the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock worth $6,396,000 after acquiring an additional 55,206 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after purchasing an additional 52,457 shares during the last quarter. Hillsdale Investment Management Inc. increased its position 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 worth $4,379,000 after purchasing an additional 44,030 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Toro in the 4th quarter worth about $1,664,000. 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.