Toro (NYSE:TTC) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Toro Company (The) (NYSE:TTC - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $94.91 and traded as high as $98.52. Toro shares last traded at $97.3420, with a volume of 586,536 shares changing hands.

Analyst Ratings Changes

Several research analysts have weighed in on TTC shares. Weiss Ratings upgraded Toro from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. Robert W. Baird decreased their price target on shares of Toro from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, June 5th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $101.75.

Toro Trading Up 1.0%

The business's 50 day moving average price is $94.91 and its 200-day moving average price is $94.87. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 28.05 and a beta of 0.69.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 31.13% and a net margin of 7.29%.The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm posted $1.42 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, equities analysts anticipate that Toro Company will post 4.6 EPS for the current fiscal year.

Insider Activity

In other news, Director Gary Lee Ellis sold 4,951 shares of the company's stock in a transaction on 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 sale, the director directly owned 35,297 shares in the company, valued at approximately $3,244,147.27. This represents a 12.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kurt D. Svendsen sold 6,600 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total transaction of $614,394.00. Following the sale, the vice president owned 12,166 shares in the company, valued at $1,132,532.94. The trade was a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,934 shares of company stock worth $1,204,933. 1.88% of the stock is currently owned by company insiders.

Institutional Trading of Toro

Hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC grew its stake in shares of Toro by 6.0% in 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 last quarter. Essential Partners LLC boosted 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 purchasing an additional 233 shares in 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 worth $443,000 after buying an additional 351 shares during the period. Russell Investments Group Ltd. grew its holdings in Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company's stock worth $9,889,000 after purchasing an additional 410 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Toro in the 1st quarter valued at about $39,000. 87.95% of the stock is owned by institutional investors and hedge funds.

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.

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