Toro’s group VP Edric Funk acquires $8,008 in common stock

Edric C. Funk, Group Vice President of Golf, Grounds & Irrigation at Toro Co (NYSE:TTC), has recently increased his holdings in the company. According to a filing with the Securities and Exchange Commission, Funk purchased a total of 115 shares of common stock on June 9, 2025. The shares were acquired at prices ranging from $69.64 to $69.655, amounting to a total transaction value of $8,008.

Additionally, Funk acquired 416 shares indirectly through The Toro Company Retirement Plan on June 10, 2025, at a price of $71.72 per share, totaling $29,835. These transactions reflect Funk’s ongoing investment in the company, with shares now held both directly and through various accounts, including a Roth IRA and a Health Savings Account. This insider confidence aligns with broader management actions, as InvestingPro data reveals aggressive share buybacks and a 21-year streak of dividend increases, with the current yield at 2.12%.

The recent acquisitions contribute to Funk’s diversified portfolio within Toro, as he continues to hold additional shares in performance share units and restricted stock units. The company maintains solid profitability with a return on equity of 25% and has consistently delivered positive earnings, supported by a healthy gross profit margin of 33.69%.

In other recent news, Toro Company reported its second-quarter earnings for fiscal year 2025, surpassing expectations with an adjusted earnings per share (EPS) of $1.42, compared to the forecasted $1.38. Despite this positive earnings surprise, the company’s revenue of $1.32 billion fell short of the anticipated $1.35 billion, reflecting a modest year-over-year decline. Toro’s Professional segment showed growth, while its Residential segment experienced a decline in sales. Following these results, Northland analysts downgraded Toro’s stock from Outperform to Market Perform and reduced the price target from $100 to $80, citing weakening residential demand and tariffs as contributing factors. Similarly, DA Davidson revised its price target for Toro from $80 to $76, maintaining a Neutral rating on the stock. The firm noted that while Toro’s professional segments remain strong, consumer caution and tariffs present ongoing challenges. Toro’s recent $200 million share repurchase demonstrates confidence in its financial stability, even as it navigates these market challenges.

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