The Toro Company names CTO. Investors value The Toro Company stock at USD 9.9 billion
Published on 10/29/2026 at 14:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTechnology leadership and upcoming dates
- Neal M. Lackritz was appointed on October 20, 2026, bringing more than 30 years of technology leadership.
- The Toro Company announced a USD 1.5 million University of Minnesota investment on September 24, 2026.
- Lackritz is scheduled to start as chief technology officer on November 2, 2026.
The Toro Company (US8910921084) had a market capitalization of USD 9.9 billion as of October 28, 2026. According to The Toro Company, Neal M. Lackritz will become vice president and chief technology officer on November 2, 2026.
Why the new CTO role matters
The newly created position places Lackritz over the enterprise technology strategy, global engineering organization and Center for Technology, Research and Innovation. The company said the role will support autonomous, alternative power and connected solutions.
The Toro Company said Lackritz brings more than 30 years of technology leadership across automotive, robotics, outdoor equipment and consumer hardware. That experience gives the appointment a direct link to the company portfolio rather than making it a routine management change.
Three dated company developments
On September 3, 2026, The Toro Company reported quarterly adjusted earnings per share of USD 1.33 against a USD 1.31 consensus estimate, while revenue reached USD 1.23 billion and increased 8.4 percent year over year, according to MarketBeat.
On September 24, 2026, The Toro Company announced a USD 1.5 million investment in the University of Minnesota to support innovation and future talent, as listed on its The Toro Company investor-relations page. On October 20, 2026, the company announced the Lackritz appointment, making the technology strategy the latest of these three developments.
What dates come next
Lackritz is scheduled to start on November 2, 2026. The company investor-relations page also identifies fiscal third-quarter 2026 results as a completed reporting event and lists the 2025 annual report among its financial materials.
Stock keeps a measured tone
At Lang & Schwarz, The Toro Company stock was trading at EUR 93.91 on October 29, 2026 at 2:16 p.m. CEST. The company reported net sales of USD 4.5 billion in fiscal 2025, according to the appointment release.
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 29, 2026, 2:16 p.m. CEST): EUR 93.91
- Market capitalization: USD 9.9 billion (as of October 28, 2026)
- 52-week range: USD 67.64-106.87 (as of October 28, 2026)
- Sector / Industry: Industrials / Heavy Machinery and Vehicles
Market context: Market report S&P 500.
