Toro (NYSE:TTC) Earns Outperform Rating from Analysts at Oppenheimer

Equities researchers at Oppenheimer initiated coverage on shares of Toro (NYSE:TTC) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set an “outperform” rating and a $120.00 price target on the stock. Oppenheimer’s price objective suggests a potential upside of 26.92% from the stock’s previous close.

TTC has been the subject of several other reports. DA Davidson reduced their price objective on Toro from $117.00 to $115.00 and set a “buy” rating for the company in a report on Friday, September 4th. Weiss Ratings upgraded shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Robert W. Baird decreased their price objective on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Finally, Wall Street Zen cut shares of Toro from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.67.

Toro Trading Up 1.2%

NYSE:TTC opened at $94.55 on Wednesday. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 25.28 and a beta of 0.70. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average price is $95.76 and its 200-day moving average price is $94.39. Toro has a 52 week low of $67.64 and a 52 week high of $105.18.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Toro had a net margin of 7.64% and a return on equity of 31.86%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. 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 research analysts forecast that Toro will post 4.64 earnings per share for the current fiscal year.

Insider Transactions at Toro

In other Toro news, COO Edric Funk sold 527 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $97.97, for a total value of $51,630.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,528 shares of company stock worth $149,175 over the last three months. Insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TTC. Rothschild Investment LLC raised its holdings in Toro by 6.0% during the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock worth $284,000 after purchasing an additional 203 shares in the last quarter. Essential Partners LLC boosted its holdings in Toro by 2.3% in the 1st quarter. Essential Partners LLC now owns 10,519 shares of the company’s stock valued at $983,000 after purchasing an additional 233 shares in the last quarter. GAMMA Investing LLC increased its position in Toro by 8.4% during the 2nd quarter. GAMMA Investing LLC now owns 4,550 shares of the company’s stock worth $443,000 after purchasing an additional 351 shares during the period. Pinnacle Bancorp Inc. purchased a new position in shares of Toro during the 1st quarter worth approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Toro by 237.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock valued at $75,000 after buying an additional 541 shares during the period. 87.95% of the stock is currently owned by institutional investors.

Toro Company Profile

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.