Toro names Neal Lackritz CTO. Oppenheimer set a USD 120 target for The Toro Company stock

Published on 10/27/2026 at 14:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lackritz starts November 2, 2026 as CTO. The Toro Company stock costs EUR 94.10 on October 27, 2026, and adjusted earnings guidance is USD 4.60-4.65.

Leadership and earnings context

Neal Lackritz was named chief technology officer on October 20, 2026, effective November 2, 2026.
Fiscal third-quarter revenue reached USD 1.23 billion, up 8.4 percent year over year.
The Toro Company stock traded at EUR 94.10 at 2:30 p.m. CEST on October 27, 2026.

TTC, US8910921084, Illustration mit AI erstellt.

The Toro Company (ISIN US8910921084) stock was trading at EUR 94.10 at Lang & Schwarz on October 27, 2026 at 2:30 p.m. CEST. The company had named Neal M. Lackritz chief technology officer on October 20, 2026, effective November 2, 2026, according to The Toro Company. The appointment puts autonomous technology leadership alongside a fiscal third-quarter revenue increase of 8.4 percent.

Leadership change sets a date

Lackritz will lead the company's technology organization from November 2, 2026. The Toro Company described its business as spanning turf maintenance, landscape, rental and specialty construction equipment, irrigation, outdoor lighting, and snow and ice management.

The appointment follows three dated company developments. On September 22, 2026, The Toro Company declared its regular quarterly cash dividend, later listed at USD 0.39 per share by MarketBeat. On September 24, 2026, the company announced a USD 1.5 million investment in the University of Minnesota, before naming Lackritz on October 20, 2026.

What do the earnings figures show?

The fiscal third quarter produced revenue of USD 1.23 billion, up 8.4 percent from the prior-year quarter. Earnings per share reached USD 1.33 against a USD 1.31 consensus estimate, while fiscal 2026 earnings guidance stood at USD 4.60-4.65, according to MarketBeat. The comparison matters because the reported earnings figure exceeded the consensus by USD 0.02, while the revenue increase gives the new technology role a larger operating backdrop.

Analyst target and reporting dates

Oppenheimer began coverage on September 23, 2026 with an outperform rating and a USD 120.00 price target, according to MarketBeat. The next substantiated company date is November 2, 2026, when Lackritz is scheduled to begin as chief technology officer.

Stock level and company value

The Toro Company stock was trading at EUR 94.10 at Lang & Schwarz on October 27, 2026 at 2:30 p.m. CEST. MarketBeat listed a USD 9.98 billion market capitalization on October 26, 2026, while the primary NYSE quotation opened at USD 105.41 in its October 26 report.

The further course of trading is shown by the continuously updated real-time quote of The Toro Company stock.