Analysts Set Toro Company (The) (NYSE:TTC) PT at $92.20

Shares of Toro Company (The) (NYSE:TTC) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $92.20.

Several research firms recently issued reports on TTC. Robert W. Baird set a $84.00 price target on shares of Toro in a research report on Tuesday, December 16th. Wall Street Zen cut shares of Toro from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th.

Toro Price Performance

TTC stock opened at $89.94 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 0.86. The company’s 50-day moving average is $79.32 and its 200-day moving average is $77.06. The stock has a market capitalization of $8.81 billion, a PE ratio of 28.37 and a beta of 0.82. Toro has a 1 year low of $62.34 and a 1 year high of $91.05.

Toro (NYSE:TTC) last posted 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. The business 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 revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. Equities research analysts expect that Toro will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 22nd were issued a $0.39 dividend. This is a boost from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, December 22nd. Toro’s dividend payout ratio is 49.21%.

Hedge Funds Weigh In On Toro

Several large investors have recently bought and sold shares of TTC. KLP Kapitalforvaltning AS increased its stake in Toro by 66.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 32,700 shares of the company’s stock valued at $2,322,000 after buying an additional 13,100 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Toro by 124.1% in the 2nd quarter. SG Americas Securities LLC now owns 7,154 shares of the company’s stock worth $506,000 after buying an additional 3,962 shares during the last quarter. Willis Investment Counsel grew its holdings in shares of Toro by 93.9% in the second quarter. Willis Investment Counsel now owns 17,145 shares of the company’s stock valued at $1,212,000 after acquiring an additional 8,302 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Toro by 17.6% during 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 during the last quarter. Finally, TD Private Client Wealth LLC lifted 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 worth $3,634,000 after acquiring an additional 47,353 shares during the period. 87.95% of the stock is currently owned by institutional investors.

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.