Angela Drake Purchases 160 Shares of Toro (NYSE:TTC) Stock
by Danessa Lincoln · The Markets DailyToro Company (The) (NYSE:TTC – Get Free Report) CFO Angela Drake acquired 160 shares of the stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of $90.00 per share, for a total transaction of $14,400.00. Following the completion of the transaction, the chief financial officer owned 9,571 shares in the company, valued at approximately $861,390. This represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Toro Stock Performance
Shares of TTC stock traded up $0.77 during trading hours on Wednesday, reaching $91.49. 439,452 shares of the company traded hands, compared to its average volume of 896,840. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.74. Toro Company has a 12-month low of $67.64 and a 12-month high of $105.18. The company has a market cap of $8.71 billion, a P/E ratio of 26.34 and a beta of 0.70. The firm has a 50-day moving average price of $92.67 and a 200 day moving average price of $90.12.
Toro (NYSE:TTC – Get Free Report) last announced its quarterly earnings data on Thursday, June 4th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a net margin of 7.29% and a return on equity of 31.13%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. As a group, sell-side analysts predict that Toro Company will post 4.6 earnings per share for the current fiscal year.
Toro Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 16th 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 is Tuesday, June 16th. Toro’s dividend payout ratio is presently 44.96%.
Wall Street Analysts Forecast Growth
TTC has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Robert W. Baird decreased their target price on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Raymond James Financial cut Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a report on Friday, April 17th. Finally, Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $101.75.
Get Our Latest Analysis on Toro
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in TTC. Integrated Wealth Concepts LLC lifted its holdings in Toro by 10.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after purchasing an additional 586 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after acquiring an additional 124,373 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Toro during the 1st quarter worth approximately $285,000. Empowered Funds LLC raised its holdings in shares of Toro by 9.8% during the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after acquiring an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Toro by 191.5% during the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock worth $552,000 after acquiring an additional 4,984 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other 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.