Analysts Set Toro Company (The) (NYSE:TTC) PT at $100.40

Shares of Toro Company (The) (NYSE:TTC) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $100.40.

TTC has been the subject of a number of research reports. 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 report on Monday, March 9th. Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Robert W. Baird upped their price objective on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Finally, Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th.

Insider Transactions at Toro

In other Toro news, Director James Calvin O’rourke sold 4,951 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the sale, the director owned 2,704 shares in the company, valued at approximately $268,777.60. This trade represents a 64.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard M. Olson sold 119,400 shares of Toro stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total transaction of $11,957,910.00. Following the transaction, the chief executive officer directly owned 38,186 shares in the company, valued at $3,824,327.90. This represents a 75.77% decrease in their position. The SEC filing for this sale provides additional information. 1.88% of the stock is owned by insiders.

Institutional Trading of Toro

A number of hedge funds and other institutional investors have recently modified their holdings of TTC. Willis Investment Counsel lifted its stake in shares of Toro by 93.9% during the 2nd quarter. Willis Investment Counsel now owns 17,145 shares of the company’s stock valued at $1,212,000 after buying an additional 8,302 shares in the last quarter. SG Americas Securities LLC raised its holdings in Toro by 124.1% during the second quarter. SG Americas Securities LLC now owns 7,154 shares of the company’s stock valued at $506,000 after acquiring an additional 3,962 shares during the period. TD Private Client Wealth LLC raised its holdings in Toro by 14,306.0% during the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock valued at $3,634,000 after acquiring an additional 47,353 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Toro by 17.6% in the second quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock valued at $7,975,000 after acquiring an additional 16,854 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Toro by 155.9% in the third quarter. Pacer Advisors Inc. now owns 13,000 shares of the company’s stock valued at $991,000 after acquiring an additional 7,920 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Stock Down 1.0%

TTC stock opened at $92.86 on Friday. Toro has a fifty-two week low of $62.34 and a fifty-two week high of $105.18. The business’s 50-day moving average is $95.49 and its two-hundred day moving average is $82.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 27.80 and a beta of 0.80.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. Toro had a return on equity of 29.60% and a net margin of 7.28%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the company posted $0.65 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, analysts forecast that Toro will post 4.41 earnings per share for the current year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 30th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. Toro’s dividend payout ratio (DPR) is 46.71%.

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.