Toro Company (The) (NYSE:TTC) Given Average Rating of “Hold” by Brokerages

Shares of Toro Company (The) (NYSE:TTC) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $100.40.

TTC has been the topic of a number of research reports. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Robert W. Baird boosted their price objective on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. DA Davidson lifted their target price on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th.

Insider Transactions at Toro

In other news, Director James Calvin O’rourke sold 4,951 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the sale, the director owned 2,704 shares in the company, valued at approximately $268,777.60. This represents a 64.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard M. Olson sold 119,400 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total value of $11,957,910.00. Following the transaction, the chief executive officer directly owned 38,186 shares in the company, valued at approximately $3,824,327.90. This represents a 75.77% decrease in their position. The SEC filing for this sale provides additional information. 1.88% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. 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 buying an additional 586 shares during the last quarter. Goldman Sachs Group Inc. raised its position in 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 during the last quarter. Caxton Associates LLP acquired a new stake in shares of Toro in the 1st quarter worth $285,000. Empowered Funds LLC lifted its stake in shares of Toro by 9.8% in the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after acquiring an additional 3,464 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of Toro by 191.5% in the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after acquiring an additional 4,984 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Price Performance

Shares of TTC opened at $97.72 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. Toro has a 1-year low of $65.28 and a 1-year high of $105.18. The stock has a market cap of $9.47 billion, a PE ratio of 29.26 and a beta of 0.80. The firm has a fifty day moving average price of $96.96 and a 200 day moving average price of $84.37.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.09. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the company posted $0.65 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts anticipate that Toro will post 4.41 EPS for the current year.

Toro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, March 30th were paid a $0.39 dividend. The ex-dividend date was Monday, March 30th. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. Toro’s payout ratio is currently 46.71%.

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.