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

Shares of Toro Company (The) (NYSE:TTC) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $92.20.

Several research analysts have recently issued reports on TTC shares. Robert W. Baird set a $84.00 target price on shares of Toro in a research note on Tuesday, December 16th. Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen raised Toro from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th.

Toro Stock Down 0.8%

Shares of Toro stock opened at $89.75 on Friday. The company’s 50 day moving average price is $78.10 and its 200-day moving average price is $76.74. Toro has a 52-week low of $62.34 and a 52-week high of $90.56. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 28.31 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87.

Toro (NYSE:TTC) last posted its earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. Toro had a return on equity of 28.90% and a net margin of 7.01%.The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. Equities research analysts forecast that Toro will post 4.41 EPS for the current year.

Toro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 22nd. Toro’s payout ratio is 49.21%.

Institutional Trading of Toro

Several institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS boosted its stake in shares of Toro by 0.6% during the third quarter. KLP Kapitalforvaltning AS now owns 32,900 shares of the company’s stock valued at $2,507,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC increased its position in shares of Toro by 8.1% during the third quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after purchasing an additional 237 shares in the last quarter. Wesbanco Bank Inc. raised its stake in Toro by 4.3% in the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock valued at $740,000 after buying an additional 400 shares during the last quarter. Willis Investment Counsel boosted its stake in Toro by 3.0% in the 3rd quarter. Willis Investment Counsel now owns 17,653 shares of the company’s stock worth $1,345,000 after purchasing an additional 508 shares in the last quarter. Finally, Davis Capital Management acquired a new stake in shares of Toro during the third quarter worth $42,000. 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.