Toro (NYSE:TTC) Raised to “Buy” at Wall Street Zen

Toro (NYSE:TTC) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research analysts have also weighed in on TTC. Zacks Research upgraded shares of 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 shares of Toro in a report on Tuesday, December 16th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Toro currently has a consensus rating of “Hold” and a consensus target price of $92.20.

Toro Stock Up 1.7%

Shares of Toro stock opened at $100.07 on Friday. Toro has a 1 year low of $62.34 and a 1 year high of $101.08. The company has a market cap of $9.80 billion, a P/E ratio of 31.57 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. The stock has a 50-day moving average price of $85.59 and a 200 day moving average price of $78.90.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTC. Goldman Sachs Group Inc. boosted its holdings in 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 purchasing an additional 124,373 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Toro by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after buying an additional 10,835 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Toro by 11.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 125,215 shares of the company’s stock worth $9,541,000 after acquiring an additional 12,380 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in shares of Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after acquiring an additional 52,457 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Toro by 379.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after acquiring an additional 44,030 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

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.