Toro (NYSE:TTC) Issues Quarterly Earnings Results

Toro (NYSE:TTC) released its quarterly earnings results on Thursday. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.10, FiscalAI reports. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 EPS. Toro updated its FY 2026 guidance to 4.500-4.620 EPS.

Toro Stock Performance

Shares of NYSE:TTC opened at $91.05 on Thursday. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 27.26 and a beta of 0.70. Toro has a 12 month low of $67.04 and a 12 month high of $105.18. The firm’s 50-day moving average is $93.24 and its 200 day moving average is $88.82. The company has a current ratio of 1.69, a quick ratio of 0.73 and a debt-to-equity ratio of 0.75.

Toro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. Toro’s payout ratio is currently 46.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TTC shares. DA Davidson increased their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. Raymond James Financial lowered shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Finally, Robert W. Baird boosted their price objective on Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Toro currently has a consensus rating of “Hold” and a consensus target price of $100.40.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. 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 valued at $33,237,000 after purchasing an additional 124,373 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after buying an additional 52,457 shares in the last quarter. Horizon Investments LLC grew its position in shares of Toro by 88.4% during the 3rd quarter. Horizon Investments LLC now owns 29,392 shares of the company’s stock worth $2,229,000 after buying an additional 13,789 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Toro by 11.0% during the third quarter. Russell Investments Group Ltd. now owns 125,215 shares of the company’s stock valued at $9,541,000 after buying an additional 12,380 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of Toro by 84.1% in the third quarter. Natixis Advisors LLC now owns 25,992 shares of the company’s stock valued at $1,981,000 after acquiring an additional 11,870 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other 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.