Gary Lee Ellis Sells 4,951 Shares of Toro (NYSE:TTC) Stock

Toro Company (The) (NYSE:TTC) Director Gary Lee Ellis sold 4,951 shares of Toro stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total value of $455,046.41. Following the sale, the director owned 35,297 shares in the company, valued at $3,244,147.27. This represents a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Toro Trading Up 1.3%

NYSE TTC opened at $92.45 on Friday. Toro Company has a twelve month low of $67.04 and a twelve month high of $105.18. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $8.80 billion, a PE ratio of 26.64 and a beta of 0.70. The stock’s 50 day moving average is $92.84 and its 200 day moving average is $89.71.

Toro (NYSE:TTC) last released its 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. Toro had a return on equity of 31.13% and a net margin of 7.29%.The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Research analysts forecast that Toro Company will post 4.6 earnings per share for the current fiscal year.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 16th. Toro’s dividend payout ratio is 44.96%.

Analyst Ratings Changes

Several research analysts have issued reports on TTC shares. DA Davidson lifted their target price on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toro in a report on Friday, April 17th. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Robert W. Baird decreased their target price on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Finally, Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.75.

Institutional Trading of Toro

A number of hedge funds have recently bought and sold shares of TTC. Integrated Wealth Concepts LLC increased its position in Toro by 10.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after acquiring an additional 586 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Toro by 37.4% during 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 during the last quarter. Caxton Associates LLP purchased a new stake in Toro during the first quarter valued at $285,000. Empowered Funds LLC increased its position in Toro by 9.8% during the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after acquiring an additional 3,464 shares during the last quarter. Finally, Focus Partners Wealth increased its position in Toro by 191.5% during the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after acquiring an additional 4,984 shares during the last quarter. 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.