Gary Lee Ellis, a director at The Toro Company (NYSE:TTC), sold 4,951 shares of common stock on June 9, 2026, for a total value of $455,046. The shares were sold at a price of $91.91 per share. The timing coincides with strong stock performance, as shares have gained ~27% over the past six months. According to InvestingPro analysis, TTC appears undervalued at current levels, trading below its Fair Value—placing it among opportunities on the most undervalued stocks list.
The sale followed an exercise of non-qualified stock options on the same day. Mr. Ellis acquired 4,951 shares of common stock by exercising options at a price of $47.17 per share, totaling $233,538. These options had an expiration date of November 1, 2026, and vested in three equal annual installments beginning on November 1, 2016.
Following these transactions, Mr. Ellis directly holds 35,297 shares of Toro common stock. Additionally, he holds 4,193.177 common stock units, which include 35.086 units acquired through the dividend reinvestment feature of The Toro Company Deferred Compensation Plan for Non-Employee Directors since his last report. An InvestingPro tip highlights that Toro has raised its dividend for 22 consecutive years, underscoring the value of its dividend reinvestment program. Investors can access 10 additional ProTips and a comprehensive Pro Research Report for TTC, available exclusively on InvestingPro.
In other recent news, The Toro Company reported its second-quarter financial results, revealing a mixed performance. The company’s revenue for the quarter was $1.42 billion, an increase of 8.1% year-over-year, which exceeded the analyst estimate of $1.39 billion. However, Toro’s adjusted earnings per share came in at $1.60, missing the analyst consensus of $1.50. Despite the earnings shortfall, Toro raised its full-year guidance, projecting adjusted EPS in the range of $4.50 to $4.62, surpassing the analyst consensus midpoint of $4.54. The company also adjusted its full-year net sales growth expectations to a range of 4.0% to 6.5%, slightly up from the previous range. These developments come as the company continues to navigate the current economic landscape.