Toro Company (The) (NYSE:TTC) Receives Average Recommendation of “Hold” from Analysts

Shares of Toro Company (The) (NYSE:TTC) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $101.75.

Several equities research analysts recently weighed in on TTC shares. Weiss Ratings restated a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. DA Davidson boosted their target price on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Robert W. Baird decreased their target price on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Finally, Wall Street Zen upgraded Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th.

Toro Stock Performance

Shares of TTC opened at $97.59 on Tuesday. The stock has a 50-day simple moving average of $92.38 and a 200-day simple moving average of $91.61. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56. The stock has a market capitalization of $9.29 billion, a PE ratio of 28.13 and a beta of 0.70. Toro has a 1 year low of $67.64 and a 1 year high of $105.18.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 4th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.10. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Toro had a return on equity of 31.13% and a net margin of 7.29%.The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.42 EPS. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, analysts predict that Toro will post 4.6 earnings per share for the current fiscal year.

Toro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, June 16th. This represents a $1.56 annualized dividend and a yield of 1.6%. Toro’s payout ratio is presently 44.96%.

Insiders Place Their Bets

In other Toro news, VP Kurt D. Svendsen sold 6,600 shares of Toro stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total transaction of $614,394.00. Following the transaction, the vice president owned 12,166 shares of the company’s stock, valued at $1,132,532.94. The trade was a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Edric C. Funk sold 856 shares of Toro stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $83,862.32. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,934 shares of company stock valued at $1,204,933 over the last quarter. Company insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in Toro during the first quarter worth approximately $39,000. Danske Bank A S acquired a new position in Toro during the third quarter worth approximately $46,000. Root Financial Partners LLC increased its position in Toro by 277.8% during the first quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after buying an additional 714 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Toro during the third quarter worth approximately $119,000. Finally, Eagle Bay Advisors LLC acquired a new position in Toro during the first quarter worth approximately $209,000. 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.