S&P 500 rises as health care, tech gain to overshadow Fed independence concerns
Edric Funk, Group Vice President of Golf, Grounds & Irrigation at Toro Co (NYSE:TTC), recently acquired company stock valued at approximately $4,938. The purchases were made on March 12, 2025, at prices ranging from $73.53 to $73.585 per share. Following these transactions, Funk’s total direct and indirect ownership in Toro Co includes shares held in a Roth IRA, The Toro Company Retirement Plan, and a Health Savings Account.
These transactions reflect Funk’s ongoing investment in the company, which specializes in lawn and garden equipment. The stock acquisitions were reported in a recent SEC filing.
In other recent news, Toro Company reported its first-quarter 2025 earnings, which slightly exceeded earnings per share (EPS) expectations but fell short on revenue. The company’s EPS reached $0.65, surpassing the forecast of $0.63, while revenue totaled $995 million, just under the anticipated $1 billion. Despite the revenue miss, Toro remains optimistic about its financial strategy, aiming for $100 million in annualized run rate savings by fiscal 2027. Analyst Samuel Darkatsh from Raymond (NSE:RYMD) James reaffirmed an Outperform rating for Toro, maintaining a price target of $95.00, highlighting the company’s confidence in sales growth for the fiscal year 2026. Meanwhile, DA Davidson adjusted its price target for Toro to $80.00 from $86.00, with analyst Michael Shlisky maintaining a Neutral rating. Shlisky noted strong demand in Toro’s Professional businesses, particularly in the Golf and Underground segments, while remaining cautious about the US consumer market. Toro’s management continues to focus on margin optimization and the adoption of new technologies as part of its growth strategy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.