Toro (NYSE:TTC) CEO Richard Olson Sells 119,400 Shares

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

Toro Trading Down 0.0%

Shares of TTC stock traded down $0.02 on Friday, hitting $94.99. The stock had a trading volume of 234,007 shares, compared to its average volume of 957,792. 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 Company has a twelve month low of $62.34 and a twelve month high of $105.18. The company has a fifty day moving average price of $94.28 and a two-hundred day moving average price of $82.07. The firm has a market cap of $9.21 billion, a P/E ratio of 28.45 and a beta of 0.80.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TTC shares. DA Davidson increased their target price on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday. Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Wall Street Zen raised shares of Toro from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Robert W. Baird raised their price objective on shares of Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. Finally, Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Toro presently has an average rating of “Hold” and a consensus target price of $100.40.

Hedge Funds Weigh In On Toro

Several hedge funds have recently made changes to their positions in TTC. Davis Capital Management acquired a new stake in shares of Toro in the third quarter valued at approximately $42,000. Danske Bank A S bought a new stake in Toro during the 3rd quarter worth about $46,000. MTM Investment Management LLC bought a new stake in Toro during the 2nd quarter worth about $85,000. Quent Capital LLC acquired a new position in shares of Toro during the 3rd quarter worth about $97,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Toro in the 3rd quarter valued at about $119,000. 87.95% of the stock is owned by institutional investors.

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.