Toro (NYSE:TTC) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Toro (NYSE:TTC) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

TTC has been the subject of several other research reports. DA Davidson boosted their price objective on shares of Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Robert W. Baird set a $84.00 target price on Toro in a research note on Tuesday, December 16th. Longbow Research raised Toro from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, August 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Finally, Northland Securities lifted their price objective on Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 9th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $92.20.

Toro Stock Up 0.1%

Shares of NYSE TTC opened at $78.55 on Monday. Toro has a 12-month low of $62.34 and a 12-month high of $87.46. The firm’s 50-day simple moving average is $73.03 and its 200 day simple moving average is $74.58. The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 24.78 and a beta of 0.84.

Toro (NYSE:TTC) last announced its 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. Toro had a net margin of 7.01% and a return on equity of 28.90%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was down .9% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, research analysts expect that Toro will post 4.41 earnings per share for the current fiscal year.

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 22nd will be 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 yield of 2.0%. The ex-dividend date is Monday, December 22nd. Toro’s dividend payout ratio is currently 49.21%.

Hedge Funds Weigh In On Toro

Several institutional investors have recently modified their holdings of the stock. Davis Capital Management acquired a new stake in shares of Toro in the 3rd quarter valued at approximately $42,000. Danske Bank A S bought a new stake in Toro in the third quarter valued at approximately $46,000. MTM Investment Management LLC acquired a new stake in Toro in the second quarter worth $85,000. Quent Capital LLC bought a new position in shares of Toro during the third quarter worth $97,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Toro during the third quarter worth $119,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

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.