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Edric C. Funk, Group Vice President of Golf, Grounds, & Irrigation at Toro Co (NYSE:TTC), recently reported a series of stock transactions, according to a filing with the SEC. On March 10, Funk acquired 40 shares of Toro common stock at a price of $77.10 per share, totaling $3,084. Additionally, he acquired 382 shares indirectly through The Toro Company Retirement Plan, amounting to $29,452, also at $77.10 per share.
These transactions reflect Funk’s growing stake in the company, with shares acquired through direct purchase and retirement plan contributions. Following these transactions, Funk holds a combination of direct and indirect ownership in several Toro stock categories, including performance share units and restricted stock units. The company has maintained dividend payments for 41 consecutive years and raised them for 21 straight years, demonstrating strong financial health. InvestingPro subscribers can access 10+ additional insights about TTC’s financial performance and outlook.
In other recent news, Toro Company reported its first-quarter earnings for fiscal year 2025, which showed a slight earnings per share (EPS) beat, reaching $0.65 against the forecast of $0.63. However, the company’s revenue came in at $995 million, falling short of the anticipated $1 billion. Analyst firm DA Davidson adjusted its view on Toro, reducing the price target from $86 to $80 while maintaining a Neutral rating, citing modest organic growth goals and concerns about the US consumer market. Despite the revenue shortfall, Toro’s Professional Segment saw a 1.6% increase in net sales, although the Residential Segment experienced a decline.
Raymond (NSE:RYMD) James maintained an Outperform rating on Toro, with a price target of $95, reflecting confidence in the company’s growth potential, particularly in essential equipment for golf and underground applications. The analyst from Raymond James noted that Toro’s management is optimistic about year-over-year sales growth in fiscal year 2026, bolstered by a rebound in the lawn care and homeowner markets. DA Davidson highlighted strong demand and backlogs in Toro’s Professional businesses, particularly in the Golf and Underground segments, which are expected to continue into the next year. Toro is also targeting $100 million in annualized run rate savings by fiscal 2027 as part of its strategic initiatives. These developments indicate that Toro is actively navigating market challenges while focusing on long-term growth strategies.
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