Toro (NYSE:TTC) Raised to Strong-Buy at Wall Street Zen

Toro (NYSE:TTC) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Robert W. Baird decreased their target price on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Oppenheimer initiated coverage on shares of Toro in a report on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 price objective on the stock. Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, DA Davidson reduced their target price on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.67.

Toro Price Performance

Shares of Toro stock opened at $97.05 on Friday. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 25.95 and a beta of 0.70. The firm’s 50-day moving average price is $95.89 and its two-hundred day moving average price is $94.33. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. Toro has a 1-year low of $67.64 and a 1-year high of $105.18.

Toro (NYSE:TTC) last announced its earnings results on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. Toro had a return on equity of 31.86% and a net margin of 7.64%.Toro’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, equities analysts predict that Toro will post 4.64 earnings per share for the current fiscal year.

Institutional Trading of Toro

Several institutional investors and hedge funds have recently made changes to their positions in the business. Security National Bank of SO Dak acquired a new position in shares of Toro in the 2nd quarter valued at $58,000. Tidal Investments LLC increased its holdings in Toro by 69.9% in the second quarter. Tidal Investments LLC now owns 26,014 shares of the company’s stock valued at $2,534,000 after purchasing an additional 10,701 shares during the last quarter. Engineers Gate Manager LP lifted its stake in Toro by 73.9% in the second quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock valued at $7,339,000 after buying an additional 32,003 shares during the period. NewEdge Advisors LLC boosted its holdings in Toro by 22.8% during the second quarter. NewEdge Advisors LLC now owns 4,705 shares of the company’s stock worth $458,000 after buying an additional 873 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Toro by 4,227.0% in the 2nd quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock valued at $17,135,000 after acquiring an additional 171,828 shares during the last quarter. Institutional investors own 87.95% of the company’s stock.

About Toro

The Toro Company (NYSE:TTC) is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro’s product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.