Kurt Svendsen Sells 6,600 Shares of Toro (NYSE:TTC) Stock

Toro Company (The) (NYSE:TTC) VP Kurt Svendsen sold 6,600 shares of Toro stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the sale, the vice president directly owned 12,166 shares of the company’s stock, valued at $1,132,532.94. This represents a 35.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Toro Stock Up 2.2%

Shares of NYSE TTC opened at $96.86 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 27.91 and a beta of 0.70. The stock has a 50 day moving average price of $92.20 and a 200 day moving average price of $91.23. Toro Company has a 52-week low of $67.64 and a 52-week high of $105.18.

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

Toro Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. DA Davidson raised their target price on shares of 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 reduced their price target 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, Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Toro presently has an average rating of “Hold” and a consensus price target of $101.75.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Pinnacle Bancorp Inc. purchased a new stake in shares of Toro during the 1st quarter worth $39,000. Danske Bank A S purchased a new position in Toro in the third quarter valued at about $46,000. Root Financial Partners LLC raised its holdings in Toro by 277.8% in the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after purchasing an additional 714 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Toro in the third quarter worth about $119,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Toro during the first quarter valued at about $209,000. 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.