Key Points
- Toro COO Edric Funk sold 145 shares at an average price of $94.36, generating $13,682.20 and reducing his direct holdings by 4.27% to 3,254 shares.
- Toro exceeded quarterly expectations, reporting $1.33 in adjusted earnings per share versus a $1.31 consensus estimate and $1.23 billion in revenue, up 8.4% year over year.
- Institutional investors own 87.95% of Toro, while analysts maintain a largely cautious outlook: the stock has an average “Hold” rating and a consensus price target of $107.50.
Toro Company (The) (NYSE:TTC - Get Free Report) COO Edric Funk sold 145 shares of Toro stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $94.36, for a total value of $13,682.20. Following the completion of the transaction, the chief operating officer directly owned 3,254 shares in the company, valued at $307,047.44. This represents a 4.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Toro Price Performance
TTC stock opened at $94.72 on Thursday. Toro Company has a one year low of $67.64 and a one year high of $105.18. The firm has a 50-day moving average of $96.03 and a two-hundred day moving average of $94.83. The firm has a market capitalization of $8.97 billion, a PE ratio of 25.32 and a beta of 0.70. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72.
Toro (NYSE:TTC - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $1.24 earnings per share. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, analysts forecast that Toro Company will post 4.64 earnings per share for the current year.
Institutional Investors Weigh In On Toro
Several institutional investors have recently made changes to their positions in TTC. California State Teachers Retirement System increased its stake in shares of Toro by 9,394.1% in the second quarter. California State Teachers Retirement System now owns 10,923,412 shares of the company's stock valued at $1,064,159,000 after buying an additional 10,808,357 shares in the last quarter. Baird Financial Group Inc. increased its position in Toro by 4,227.0% in the second quarter. Baird Financial Group Inc. now owns 175,893 shares of the company's stock worth $17,135,000 after purchasing an additional 171,828 shares during the period. Corient Private Wealth LP grew its position in shares of Toro by 1,063.5% during the 2nd quarter. Corient Private Wealth LP now owns 187,982 shares of the company's stock worth $18,314,000 after buying an additional 171,826 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company's stock worth $33,237,000 after buying an additional 124,373 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Toro by 416.7% in the first quarter. SG Americas Securities LLC now owns 68,455 shares of the company's stock valued at $6,396,000 after acquiring an additional 55,206 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on TTC shares. Wall Street Zen cut Toro from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. DA Davidson lowered their target price on Toro from $117.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday, September 4th. Weiss Ratings raised shares of Toro from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Finally, Robert W. Baird lowered their price objective on shares of Toro from $105.00 to $100.00 and set a "neutral" rating on the stock in a research report on Friday, June 5th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Toro has an average rating of "Hold" and a consensus target price of $107.50.
Get Our Latest Report on Toro
About Toro
(
Get Free Report)
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.
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