Toro (NYSE:TTC) Reaches New 1-Year High – Here’s Why

Toro Company (The) (NYSE:TTC) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $99.25 and last traded at $98.3950, with a volume of 16940 shares traded. The stock had previously closed at $98.30.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Robert W. Baird set a $84.00 target price on shares of Toro in a report on Tuesday, December 16th. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen lowered Toro from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.20.

Toro Stock Performance

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 firm’s fifty day moving average is $83.32 and its 200 day moving average is $78.27. The company has a market cap of $9.62 billion, a PE ratio of 31.00 and a beta of 0.82.

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

Toro Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 22nd were given a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.56 annualized dividend and a yield of 1.6%. This is a boost from Toro’s previous quarterly dividend of $0.38. Toro’s dividend payout ratio is 49.21%.

Institutional Investors Weigh In On Toro

A number of hedge funds have recently bought and sold shares of TTC. Davis Capital Management purchased a new stake in shares of Toro in the 3rd quarter valued at approximately $42,000. Danske Bank A S purchased a new position in Toro during the 3rd quarter worth approximately $46,000. MTM Investment Management LLC acquired a new position in Toro during the second quarter worth approximately $85,000. Quent Capital LLC acquired a new stake in shares of Toro in the third quarter valued at approximately $97,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Toro during the third quarter worth approximately $119,000. Institutional investors and hedge funds 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.