Toro (NYSE:TTC) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Toro Company (The) (NYSE:TTC) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $95.94 and traded as low as $93.55. Toro shares last traded at $93.8470, with a volume of 600,516 shares traded.

Analyst Upgrades and Downgrades

TTC has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. DA Davidson upped their price objective on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a report on Monday, March 9th. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $100.40.

Toro Price Performance

The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75. The stock’s 50 day moving average price is $95.94 and its two-hundred day moving average price is $82.97. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 28.10 and a beta of 0.80.

Toro (NYSE:TTC) last posted its earnings results on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Toro had a net margin of 7.28% and a return on equity of 29.60%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that Toro Company will post 4.41 EPS for the current fiscal year.

Toro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 30th will be paid a $0.39 dividend. The ex-dividend date is Monday, March 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. Toro’s dividend payout ratio is presently 46.71%.

Insider Activity

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

Hedge Funds Weigh In On Toro

Several large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after buying an additional 124,373 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in Toro by 425.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after buying an additional 52,457 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of Toro by 14,306.0% in the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock worth $3,634,000 after acquiring an additional 47,353 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after acquiring an additional 44,030 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in shares of Toro during the 4th quarter worth about $1,664,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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.