Toro (NYSE:TTC) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Toro Company (The) (NYSE:TTC) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $93.60 and traded as low as $91.24. Toro shares last traded at $91.7040, with a volume of 650,983 shares traded.

Analysts Set New Price Targets

TTC has been the subject of a number of recent analyst reports. 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 upped their price objective on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Robert W. Baird increased their target price on shares of Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Finally, Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Toro presently has a consensus rating of “Hold” and a consensus target price of $100.40.

Toro Stock Up 0.1%

The stock’s 50-day moving average price is $93.60 and its two-hundred day moving average price is $88.19. The stock has a market capitalization of $8.89 billion, a P/E ratio of 27.46 and a beta of 0.73. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Toro had a net margin of 7.28% and a return on equity of 29.60%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts expect that Toro Company will post 4.52 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.56 annualized dividend and a yield of 1.7%. Toro’s dividend payout ratio (DPR) is 46.71%.

Insider Activity at Toro

In related news, CEO Richard M. Olson sold 119,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were 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 of the company’s stock, valued at approximately $3,824,327.90. This trade represents a 75.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin O’rourke sold 4,951 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the transaction, the director directly owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. This trade represents a 64.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TTC. Integrated Wealth Concepts LLC boosted its holdings in Toro by 10.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after buying an additional 586 shares during the period. Goldman Sachs Group Inc. lifted its stake in Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after purchasing an additional 124,373 shares in the last quarter. Caxton Associates LLP purchased a new stake in Toro in the 1st quarter worth approximately $285,000. Empowered Funds LLC lifted its stake in Toro by 9.8% in the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Toro by 191.5% in the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock worth $552,000 after purchasing an additional 4,984 shares in the last quarter. 87.95% of the stock is owned by institutional investors.

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.