Toro (NYSE:TTC) CFO Angela Drake Acquires 160 Shares

Toro Company (The) (NYSE:TTC) CFO Angela Drake bought 160 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of $90.00 per share, with a total value of $14,400.00. Following the purchase, the chief financial officer owned 9,571 shares of the company’s stock, valued at $861,390. The trade was a 1.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Toro Price Performance

TTC stock opened at $90.94 on Thursday. The business has a fifty day moving average of $92.62 and a two-hundred day moving average of $90.27. 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 stock has a market cap of $8.66 billion, a price-to-earnings ratio of 26.21 and a beta of 0.70. Toro Company has a 52-week low of $67.64 and a 52-week high of $105.18.

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

Toro Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. grew its stake in Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after purchasing an additional 44,030 shares in the last quarter. LSV Asset Management acquired a new position in Toro during the 4th quarter worth $1,078,000. Willis Investment Counsel grew its stake in Toro by 46.7% during the 4th quarter. Willis Investment Counsel now owns 25,896 shares of the company’s stock worth $2,039,000 after purchasing an additional 8,243 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Toro by 45.2% during the 4th quarter. Farther Finance Advisors LLC now owns 18,108 shares of the company’s stock worth $1,425,000 after purchasing an additional 5,634 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new position in Toro during the 4th quarter worth $579,000. 87.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.