Toro Company (The) (NYSE:TTC) Receives Average Recommendation of “Hold” from Analysts

Toro Company (The) (NYSE:TTC) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $101.75.

A number of analysts recently weighed in on TTC shares. Robert W. Baird lowered their target price on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. DA Davidson upped their target price on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th.

Insiders Place Their Bets

In other Toro news, Director Gary Lee Ellis sold 4,951 shares of Toro stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $91.91, for a total value of $455,046.41. Following the completion of the transaction, the director owned 35,297 shares in the company, valued at approximately $3,244,147.27. The trade was a 12.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.88% of the stock is owned by corporate insiders.

Institutional Trading of Toro

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its position in Toro by 10.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after buying an additional 586 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Toro by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after acquiring an additional 124,373 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Toro during the first quarter worth approximately $285,000. Empowered Funds LLC lifted its position in shares of Toro by 9.8% during the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of 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 during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Stock Performance

NYSE:TTC opened at $91.88 on Tuesday. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 26.48 and a beta of 0.70. The firm’s 50-day moving average is $92.38 and its 200-day moving average is $90.74. Toro has a 52-week low of $67.64 and a 52-week high of $105.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56.

Toro (NYSE:TTC) last posted its earnings results on Thursday, June 4th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a net margin of 7.29% and a return on equity of 31.13%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Equities research analysts anticipate that Toro will post 4.6 earnings per share for the current year.

Toro Dividend Announcement

The firm 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 presently 44.96%.

About Toro

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.