Toro Company (The) (NYSE:TTC) Stock Has Consensus Target Price of $111.67 According to Analysts

Toro Company (The) (NYSE:TTC) has been assigned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two 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 $111.67.

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Toro from a “strong-buy” rating to a “buy” rating in a report on Sunday. DA Davidson lowered their price target on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Oppenheimer assumed coverage on Toro in a research report on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 price target on the stock. Finally, Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th.

Institutional Trading of Toro

A number of hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its position in Toro by 160.8% in the 2nd quarter. Hsbc Holdings PLC now owns 41,067 shares of the company’s stock worth $3,976,000 after buying an additional 25,318 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Toro by 4,227.0% during the 2nd quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock valued at $17,135,000 after buying an additional 171,828 shares during the period. Engineers Gate Manager LP grew its holdings in shares of Toro by 73.9% during the 2nd quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock valued at $7,339,000 after acquiring an additional 32,003 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Toro by 416.7% during the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock valued at $6,396,000 after acquiring an additional 55,206 shares in the last quarter. Finally, Corient Private Wealth LP increased its stake in shares of Toro by 1,063.5% in the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock worth $18,314,000 after acquiring an additional 171,826 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Stock Up 0.5%

Shares of NYSE:TTC opened at $99.14 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. The company has a market cap of $9.39 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.13 and a beta of 0.66. Toro has a 52 week low of $67.64 and a 52 week high of $105.18. The firm has a 50 day simple moving average of $96.38 and a 200 day simple moving average of $94.41.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $1.24 EPS. The company’s revenue was up 8.4% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, research analysts expect that Toro will post 4.64 earnings per share for the current year.

Toro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, October 6th. Toro’s payout ratio is 41.71%.

About Toro

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and systems used to maintain landscapes, turf and outdoor environments. Its products serve professional contractors, golf courses, sports fields, municipalities, rental companies, construction and utility operators, and residential customers.

The company’s product portfolio includes commercial and residential mowers, turf maintenance equipment, irrigation systems, snow and ice management equipment, compact utility loaders, trenchers, underground construction equipment and related attachments.