Toro (NYSE:TTC) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Toro Company (The) (NYSE:TTC)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $95.94 and traded as low as $93.55. Toro shares last traded at $93.8470, with a volume of 600,516 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. DA Davidson boosted their price objective on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Robert W. Baird upped their target price on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Toro has an average rating of “Hold” and a consensus target price of $100.40.

Toro Price Performance

The stock’s fifty day moving average price is $95.94 and its 200-day moving average price is $82.97. The firm has a market cap of $9.10 billion, a PE ratio of 28.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.09. The firm had revenue of $1.04 billion for 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 for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts expect that Toro Company will post 4.41 EPS for the current fiscal year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 30th. Toro’s dividend payout ratio (DPR) is 46.71%.

Insider Activity at Toro

In related news, Director James Calvin O’rourke sold 4,951 shares of Toro 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 transaction, the director owned 2,704 shares in the company, valued at approximately $268,777.60. This trade represents a 64.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard M. Olson sold 119,400 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total value of $11,957,910.00. Following the transaction, the chief executive officer directly owned 38,186 shares in the company, valued at $3,824,327.90. This trade represents a 75.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.88% of the company’s stock.

Institutional Trading of Toro

A number of hedge funds and other institutional investors have recently modified their holdings of TTC. Davis Capital Management purchased a new position in shares of Toro during the 3rd quarter worth $42,000. Danske Bank A S purchased a new stake in shares of Toro in the third quarter valued at about $46,000. Quent Capital LLC acquired a new stake in Toro during the third quarter worth about $97,000. Harvest Fund Management Co. Ltd acquired a new stake in Toro during the third quarter worth about $119,000. Finally, Birchwood Financial Partners Inc. purchased a new position in Toro during the fourth quarter worth about $215,000. 87.95% of the stock is owned by institutional investors and hedge funds.

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.