Toro (NYSE:TTC) COO Edric Funk Sells 145 Shares

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 shares fell 0.7% to $94.11, while the company recently exceeded quarterly earnings and revenue estimates, reporting $1.33 EPS and $1.23 billion in revenue.
• Analysts maintain a consensus “Hold” rating with a $107.50 target price; institutional investors own 87.95% of Toro’s outstanding stock.

Toro Company (The) (NYSE:TTC - Get Free Report) COO Edric Funk sold 145 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $94.36, for a total transaction of $13,682.20. Following the completion of the sale, the chief operating officer directly owned 3,254 shares of the company's stock, valued at $307,047.44. This trade represents a 4.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Toro Stock Down 0.7%

Shares of NYSE TTC traded down $0.64 during trading on Wednesday, reaching $94.11. 234,100 shares of the stock were exchanged, compared to its average volume of 829,349. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 25.17 and a beta of 0.70. The business's 50-day moving average price is $96.08 and its 200 day moving average price is $94.87. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. Toro Company has a twelve month low of $67.64 and a twelve month high of $105.18.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business's revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, equities analysts forecast that Toro Company will post 4.63 EPS for the current fiscal year.

Institutional Trading of Toro

Several institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC raised its holdings in shares of Toro by 6.0% during the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company's stock worth $284,000 after purchasing an additional 203 shares during the period. Essential Partners LLC grew its position in shares of Toro by 2.3% during the 1st quarter. Essential Partners LLC now owns 10,519 shares of the company's stock valued at $983,000 after buying an additional 233 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Toro by 8.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,550 shares of the company's stock valued at $443,000 after buying an additional 351 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Toro by 0.3% during the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company's stock worth $9,889,000 after acquiring an additional 410 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in Toro during the first quarter worth about $39,000. Institutional investors own 87.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Robert W. Baird reduced their price target on Toro from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, June 5th. Wall Street Zen lowered Toro from a "strong-buy" rating to a "buy" rating in a research report on Saturday. 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, DA Davidson cut their price target on shares of Toro from $117.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $107.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.