Toro (NYSE:TTC) Cut to Hold at Wall Street Zen

Toro (NYSE:TTC) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

A number of other analysts have also weighed in on the company. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Robert W. Baird set a $84.00 price objective on shares of Toro in a research report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $92.20.

Toro Stock Performance

NYSE:TTC opened at $101.65 on Friday. The stock has a market capitalization of $9.95 billion, a P/E ratio of 32.07 and a beta of 0.82. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. Toro has a 1 year low of $62.34 and a 1 year high of $101.79. The firm has a 50 day moving average of $88.38 and a 200-day moving average of $79.85.

Toro (NYSE:TTC) last released its quarterly earnings results on Wednesday, December 17th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Toro had a return on equity of 28.90% and a net margin of 7.01%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company earned $0.95 EPS. Toro’s revenue for the quarter was down .9% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, sell-side analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Toro

Several large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in shares of Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after acquiring an additional 124,373 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Toro by 4.4% in the 4th quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after purchasing an additional 10,835 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after buying an additional 410 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in Toro by 425.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after buying an additional 52,457 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after buying an additional 44,030 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Company Profile

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.