Toro (NYSE:TTC) Reaches New 1-Year High – Should You Buy?

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Robert W. Baird set a $84.00 target price on Toro in a report on Tuesday, December 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Wall Street Zen cut Toro from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $92.20.

Toro Trading Down 0.0%

The firm’s 50-day moving average price is $78.90 and its 200 day moving average price is $76.97. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 28.37 and a beta of 0.82. The company has a current ratio of 1.87, a quick ratio of 0.86 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Toro had a net margin of 7.01% and a return on equity of 28.90%. Toro’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, equities analysts expect that Toro Company will post 4.41 EPS for the current year.

Toro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 22nd were paid a $0.39 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. This is a boost from Toro’s previous quarterly dividend of $0.38. Toro’s dividend payout ratio (DPR) is 49.21%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its position in Toro by 10.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after purchasing an additional 586 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Toro by 37.4% during the 1st 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 in the last quarter. Caxton Associates LLP bought a new stake in Toro during the first quarter worth $285,000. Empowered Funds LLC increased its position in shares of Toro by 9.8% during the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after purchasing an additional 3,464 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Toro by 191.5% during the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock worth $552,000 after purchasing an additional 4,984 shares during the period. 87.95% of the stock is owned by institutional investors and hedge funds.

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.