Toro (NYSE:TTC) Downgraded to Hold Rating by Wall Street Zen

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

Several other equities research analysts have also recently commented on TTC. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Robert W. Baird set a $84.00 price target on Toro in a report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.20.

Toro Price Performance

TTC stock opened at $89.75 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 28.31 and a beta of 0.82. The company’s fifty day simple moving average is $78.10 and its 200 day simple moving average is $76.76. Toro has a 12-month low of $62.34 and a 12-month high of $90.56.

Toro (NYSE:TTC) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.95 EPS. 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. On average, analysts expect that Toro will post 4.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in shares of Toro by 37.4% during 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 in the last quarter. Van ECK Associates Corp boosted its stake in Toro by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 247,609 shares of the company’s stock valued at $18,867,000 after purchasing an additional 1,442 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Toro by 11.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 125,215 shares of the company’s stock valued at $9,541,000 after purchasing an additional 12,380 shares during the last quarter. Captrust Financial Advisors increased its holdings in Toro by 16.6% during the 3rd quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock worth $4,029,000 after purchasing an additional 7,511 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of Toro by 14,306.0% in the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock worth $3,634,000 after purchasing an additional 47,353 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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.