Toro names Neal Lackritz chief technology officer. Toro stock yields 1.60 percent
Published on 10/22/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTechnology leadership and quarterly progress
- The Toro Company announced Neal M. Lackritz as chief technology officer on October 20, 2026, effective November 2, 2026.
- Fiscal third-quarter revenue rose 8.4 percent to USD 1.23 billion.
- The Toro Company stock was trading at EUR 91.85 at 2:37 p.m. CEST at Lang & Schwarz on October 22, 2026.
The Toro Company (ISIN US8910921084) named Neal M. Lackritz chief technology officer on October 20, 2026, with the new role taking effect November 2, 2026. According to The Toro Company, Lackritz will lead enterprise technology strategy and oversee autonomous, alternative-power and connected solutions.
Technology role targets innovation
The appointment creates a dedicated technology leadership role as Toro expands its focus on connected equipment and autonomous products. The company said on October 20, 2026 that Lackritz will also oversee its global engineering organization and Center for Technology, Research and Innovation.
What do the latest results show?
Toro's fiscal third-quarter net sales increased 8.4 percent year over year to USD 1.23 billion, while adjusted earnings per share reached USD 1.33 versus USD 1.31 consensus. The figures were reported for the quarter ended July 31, 2026, and were detailed in the Yahoo Finance transcript.
The same call showed adjusted operating margin of 13.9 percent, up 30 basis points from the prior year. Management raised fiscal 2026 adjusted earnings-per-share guidance to USD 4.60-4.65 from USD 4.50-4.62, while the midpoint increased from USD 4.56 to USD 4.63.
Three dated milestones for Toro
On September 3, 2026, Toro reported fiscal third-quarter revenue of USD 1.23 billion and adjusted earnings per share of USD 1.33. On September 22, 2026, the company declared a quarterly dividend of USD 0.39 per share, payable October 20, 2026. On October 20, 2026, it appointed Lackritz, effective November 2, 2026. The earnings and dividend figures are reported by MarketBeat.
What date matters next?
Lackritz is scheduled to begin the technology role on November 2, 2026. The appointment links the next near-term corporate date to Toro's autonomous, connected and alternative-power strategy.
Stock price and investor context
The Toro Company stock was trading at EUR 91.85 at Lang & Schwarz on October 22, 2026 at 2:37 p.m. CEST. MarketBeat reported a USD 9.5 billion market capitalization and a USD 67.64 to USD 105.18 52-week range on October 15, 2026.
The primary listing is on the NYSE, where the stock was last quoted at USD 103.35 on October 22, 2026. Toro's quarterly dividend of USD 0.39 represents a 1.60 percent annualized yield, according to MarketBeat.
The further course of trading is shown by the continuously updated real-time quote of The Toro Company stock.
The Toro Company stock facts
- Company: The Toro Company
- ISIN: US8910921084
- Ticker: TTC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 22, 2026, 2:37 p.m. CEST): EUR 91.85
- Market capitalization: USD 9.5 billion (as of October 15, 2026)
- 52-week range: USD 67.64-105.18 (as of October 15, 2026)
- Sector / Industry: Industrials / Manufacturing - Tools & Accessories
Market context: Market report S&P 500.
