Toro (NYSE:TTC) Shares Pass Above 50 Day Moving Average – Should You Sell?

Toro Company (The) (NYSE:TTC) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $92.51 and traded as high as $94.75. Toro shares last traded at $93.3390, with a volume of 637,847 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TTC shares. Weiss Ratings upgraded Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Robert W. Baird dropped their target price 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. Two equities research 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 stock has a consensus rating of “Hold” and an average price target of $101.75.

Toro Trading Up 0.0%

The business has a fifty day moving average of $92.51 and a 200-day moving average of $92.96. 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 company has a market capitalization of $8.89 billion, a P/E ratio of 26.90 and a beta of 0.68.

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

Toro Dividend Announcement

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

Insider Transactions at Toro

In other Toro news, Director Gary Lee Ellis sold 4,951 shares of Toro stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $91.91, for a total transaction of $455,046.41. Following the completion of the transaction, the director owned 35,297 shares in the company, valued at approximately $3,244,147.27. The trade was a 12.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt D. Svendsen sold 6,600 shares of Toro stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total value of $614,394.00. Following the transaction, the vice president owned 12,166 shares of the company’s stock, valued at $1,132,532.94. This trade represents a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,934 shares of company stock valued at $1,204,933 over the last three months. Corporate insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. purchased a new position in shares of Toro during the first quarter valued at approximately $39,000. Danske Bank A S purchased a new stake in Toro in the 3rd quarter valued at $46,000. Root Financial Partners LLC raised its position in Toro by 277.8% in the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after buying an additional 714 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Toro during the 3rd quarter worth $119,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Toro in the 1st quarter worth $209,000. 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.