Toro Company (The) (NYSE:TTC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Toro Company (The) (NYSE:TTC) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $100.40.

A number of equities analysts have weighed in on TTC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Robert W. Baird boosted their target price on shares of Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. DA Davidson boosted their target price on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Finally, Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th.

Toro Stock Performance

Shares of TTC stock opened at $90.30 on Friday. The company has a 50 day moving average price of $93.51 and a 200-day moving average price of $88.31. Toro has a 52 week low of $67.04 and a 52 week high of $105.18. The firm has a market capitalization of $8.75 billion, a PE ratio of 27.03 and a beta of 0.73. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Toro will post 4.52 earnings per share for the current year.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 16th. Toro’s payout ratio is 46.71%.

Insider Buying and Selling at Toro

In other news, Director James Calvin O’rourke sold 4,951 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total value of $492,129.40. Following the transaction, the director owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. The trade was a 64.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard M. Olson sold 119,400 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total transaction of $11,957,910.00. Following the completion of the transaction, the chief executive officer directly owned 38,186 shares in the company, valued at $3,824,327.90. This trade represents a 75.77% decrease in their position. The SEC filing for this sale provides additional information. 1.88% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toro

A number of hedge funds have recently bought and sold shares of TTC. Integrated Wealth Concepts LLC raised its stake in Toro by 10.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after purchasing an additional 586 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after purchasing an additional 124,373 shares in the last quarter. Caxton Associates LLP purchased a new stake in Toro during the first quarter valued at $285,000. Empowered Funds LLC raised its stake in Toro by 9.8% during the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in Toro by 191.5% during the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after purchasing an additional 4,984 shares in the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

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.