Toro (NYSE:TTC) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Toro Company (The) (NYSE:TTC) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Analysts Set New Price Targets

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

Toro Price Performance

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 $9.47 billion, a P/E ratio of 28.66 and a beta of 0.69. The business’s 50-day simple moving average is $95.19 and its two-hundred day simple moving average is $94.95.

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

Insider Buying and Selling at Toro

In other Toro news, Director Gary Lee Ellis sold 4,951 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total transaction of $455,046.41. Following the sale, the director owned 35,297 shares of the company’s stock, valued at $3,244,147.27. The trade was a 12.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kurt D. Svendsen sold 6,600 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total value of $614,394.00. Following the sale, the vice president owned 12,166 shares in the company, valued at approximately $1,132,532.94. This represents a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,934 shares of company stock valued at $1,204,933 in the last 90 days. 1.88% of the stock is currently owned by company insiders.

Institutional Trading of Toro

Institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new position in Toro during the 1st quarter valued at about $39,000. Danske Bank A S purchased a new stake in shares of Toro in the third quarter worth about $46,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Toro by 237.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock worth $75,000 after buying an additional 541 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Toro by 277.8% in the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock valued at $91,000 after acquiring an additional 714 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Toro in the third quarter valued at approximately $119,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

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.