Durable Goods (Jun F) -9.4% vs 9.3% Prior, Ex-Trans 0.2% vs 0.2%
Kurt D. Svendsen, VP, Technology at TORO CO (NYSE:TTC), sold 5,900 shares of common stock on June 26, 2025, at prices ranging from $70.98 to $71.01, totaling approximately $425,968. The transaction occurred with the stock trading near $71, significantly below its 52-week high of $100.92. According to InvestingPro analysis, TTC currently appears undervalued, with the company maintaining strong financial health and a 21-year track record of consecutive dividend increases.
Svendsen also exercised options to acquire 6,000 shares of Toro Co common stock at a price of $38.82, for a total value of $232,920.
Following these transactions, Svendsen directly owns 11,646.033 shares of Toro Co. common stock. He also indirectly owns 11,365.429 shares through The Toro Company Retirement Plan and 5,873.431 Performance Share Units.
In other recent news, Toro Company reported its second-quarter earnings for fiscal year 2025, exceeding expectations with an adjusted earnings per share (EPS) of $1.42 compared to the forecasted $1.38. However, the company reported consolidated net sales of $1.32 billion, slightly below the anticipated $1.35 billion. Following these results, Northland analysts downgraded Toro from Outperform to Market Perform, citing mixed performance and a reduction in full-year guidance due to weakening residential demand and tariffs. Northland also lowered the stock’s price target from $100 to $80. Meanwhile, DA Davidson revised its price target for Toro from $80 to $76 but maintained a Neutral rating, noting the company’s robust professional segment performance and significant share repurchase activity amounting to $200 million year-to-date. Despite these challenges, Toro’s professional segment showed growth, while the residential segment faced an 11% decline in sales. Toro’s management remains optimistic about professional segments, anticipating slight growth, although the residential segment may continue to face mid-teens declines.
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