Toro (NYSE:TTC) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Toro (NYSE:TTC) from a buy rating to a hold rating in a report issued on Sunday.

TTC has been the topic of a number of other reports. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $84.00 price target on Toro in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.20.

Toro Stock Performance

NYSE TTC opened at $89.96 on Friday. Toro has a 12-month low of $62.34 and a 12-month high of $90.56. The firm has a 50-day moving average price of $78.90 and a two-hundred day moving average price of $76.97. The company has a market capitalization of $8.81 billion, a P/E ratio of 28.38 and a beta of 0.82. The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63.

Toro (NYSE:TTC) last released its earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Toro had a return on equity of 28.90% and a net margin of 7.01%.The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. Analysts anticipate that Toro will post 4.41 earnings per share for the current year.

Toro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were paid a $0.39 dividend. This is a positive change from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, December 22nd. Toro’s payout ratio is presently 49.21%.

Institutional Investors Weigh In On Toro

A number of institutional investors have recently made changes to their positions in TTC. Integrated Wealth Concepts LLC boosted its holdings in Toro by 10.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after acquiring an additional 586 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after buying an additional 124,373 shares during the last quarter. Caxton Associates LLP acquired a new position in Toro in the first quarter valued at $285,000. Empowered Funds LLC lifted its holdings in Toro by 9.8% in the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after buying an additional 3,464 shares during the period. Finally, Focus Partners Wealth boosted its position in Toro by 191.5% during the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after acquiring an additional 4,984 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

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.