Wall Street Zen Downgrades Toro (NYSE:TTC) to Buy

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

Several other equities analysts also recently commented on TTC. DA Davidson lowered their price objective on shares of Toro from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Oppenheimer began coverage on Toro in a report on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $111.67.

Toro Stock Performance

Shares of TTC stock opened at $99.14 on Friday. The company has a market capitalization of $9.39 billion, a P/E ratio of 26.51, a PEG ratio of 2.13 and a beta of 0.66. Toro has a fifty-two week low of $67.64 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. The stock has a 50 day moving average price of $96.38 and a two-hundred day moving average price of $94.41.

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

Institutional Investors Weigh In On Toro

Several hedge funds have recently bought and sold shares of TTC. CX Institutional bought a new position in shares of Toro during the third quarter valued at approximately $6,647,000. Versant Capital Management Inc increased its position in Toro by 30.2% during the 3rd quarter. Versant Capital Management Inc now owns 3,820 shares of the company’s stock valued at $368,000 after buying an additional 885 shares in the last quarter. Security National Bank of SO Dak bought a new position in Toro during the 2nd quarter valued at approximately $58,000. Tidal Investments LLC raised its stake in Toro by 69.9% during the second quarter. Tidal Investments LLC now owns 26,014 shares of the company’s stock valued at $2,534,000 after buying an additional 10,701 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in Toro by 73.9% in the second quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock worth $7,339,000 after acquiring an additional 32,003 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

About Toro

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and systems used to maintain landscapes, turf and outdoor environments. Its products serve professional contractors, golf courses, sports fields, municipalities, rental companies, construction and utility operators, and residential customers.

The company’s product portfolio includes commercial and residential mowers, turf maintenance equipment, irrigation systems, snow and ice management equipment, compact utility loaders, trenchers, underground construction equipment and related attachments.