Toro (NYSE:TTC) Sets New 12-Month High – Time to Buy?

Toro Company (The) (NYSE:TTC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $91.05 and last traded at $89.9510, with a volume of 429354 shares trading hands. The stock had previously closed at $89.96.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTC. Wall Street Zen cut Toro from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued 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 research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Toro has an average rating of “Hold” and a consensus target price of $92.20.

Toro Stock Down 0.5%

The company has a market capitalization of $8.94 billion, a P/E ratio of 28.80 and a beta of 0.82. The company has a 50-day moving average of $80.22 and a two-hundred day moving average of $77.28. 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 posted its quarterly earnings data on Wednesday, December 17th. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, research analysts predict that Toro Company will post 4.41 EPS for the current year.

Toro Increases Dividend

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

Institutional Trading of Toro

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of Toro by 45.2% in the 4th quarter. Farther Finance Advisors LLC now owns 18,108 shares of the company’s stock worth $1,425,000 after buying an additional 5,634 shares during the last quarter. Willis Investment Counsel boosted its holdings in Toro by 46.7% in the fourth quarter. Willis Investment Counsel now owns 25,896 shares of the company’s stock worth $2,039,000 after acquiring an additional 8,243 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Toro in the fourth quarter worth $579,000. GAMMA Investing LLC increased its holdings in shares of Toro by 10.2% during the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock valued at $274,000 after acquiring an additional 321 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Toro by 16.6% in the 3rd quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock worth $4,029,000 after purchasing an additional 7,511 shares during the last quarter. 87.95% of the stock is owned by institutional investors.

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.