Toro (NYSE:TTC) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

Shares of Toro Company (The) (NYSE:TTC - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $93.60 and traded as low as $91.24. Toro shares last traded at $91.7040, with a volume of 650,983 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of Toro from $97.00 to $117.00 and gave the company a "buy" rating in a report on Monday, March 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Toro in a report on Friday, April 17th. Robert W. Baird upped their price objective on shares of Toro from $100.00 to $105.00 and gave the company a "neutral" rating in a report on Friday, March 6th. Wall Street Zen upgraded shares of Toro from a "buy" rating to a "strong-buy" rating in a report on Sunday, March 15th. Finally, Raymond James Financial lowered shares of Toro from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $100.40.

Toro Stock Up 0.1%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 27.46 and a beta of 0.73. The stock's fifty day moving average is $93.60 and its two-hundred day moving average is $88.19.

Toro (NYSE:TTC - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The firm's revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts predict that Toro Company will post 4.52 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 16th. Toro's dividend payout ratio is currently 46.71%.

Insider Transactions at Toro

In related news, CEO Richard M. Olson sold 119,400 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total value of $11,957,910.00. Following the sale, the chief executive officer owned 38,186 shares in the company, valued at $3,824,327.90. This represents a 75.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Calvin O'rourke sold 4,951 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the sale, the director owned 2,704 shares in the company, valued at $268,777.60. This represents a 64.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.88% of the company's stock.

Institutional Investors Weigh In On Toro

A number of institutional investors have recently added to or reduced their stakes in TTC. Goldman Sachs Group Inc. grew its position in Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company's stock worth $33,237,000 after purchasing an additional 124,373 shares in the last quarter. SG Americas Securities LLC grew its position in Toro by 416.7% in the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company's stock worth $6,396,000 after purchasing an additional 55,206 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company's stock worth $5,100,000 after purchasing an additional 52,457 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in Toro by 379.6% in 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. Finally, Entropy Technologies LP bought a new stake in Toro in the 4th quarter worth about $1,664,000. 87.95% of the stock is owned by institutional investors.

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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