Toro (NYSE:TTC) Price Target Raised to $90.00 at Northland Securities

Toro (NYSE:TTC) had its price objective lifted by equities researchers at Northland Securities from $80.00 to $90.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Northland Securities’ price objective points to a potential upside of 13.29% from the company’s current price.

TTC has been the subject of a number of other research reports. Longbow Research upgraded shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Monday, August 25th. DA Davidson lifted their price objective on shares of Toro from $93.00 to $97.00 and gave the company a “buy” rating in a report on Friday. Raymond James Financial lowered their price objective on Toro from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, June 6th. Northland Capmk downgraded Toro from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 6th. Finally, Robert W. Baird boosted their price objective on Toro from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $92.60.

Toro Stock Down 2.4%

Shares of NYSE TTC traded down $1.95 during midday trading on Tuesday, hitting $79.44. The company’s stock had a trading volume of 61,579 shares, compared to its average volume of 958,806. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 24.08 and a beta of 0.80. The business’s fifty day simple moving average is $76.31 and its two-hundred day simple moving average is $73.55. Toro has a 1 year low of $62.34 and a 1 year high of $89.50.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Toro had a net margin of 7.37% and a return on equity of 28.98%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 earnings per share. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, equities analysts predict that Toro will post 4.41 EPS for the current year.

Insider Activity at Toro

In related news, Director Gary Lee Ellis sold 5,038 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the completion of the sale, the director owned 34,062 shares in the company, valued at $2,411,930.22. The trade was a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kurt D. Svendsen sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the sale, the vice president owned 11,646 shares of the company’s stock, valued at approximately $826,749.54. The trade was a 34.00% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Toro

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTC. Ameriprise Financial Inc. lifted its stake in Toro by 172.9% in the fourth quarter. Ameriprise Financial Inc. now owns 368,368 shares of the company’s stock valued at $29,508,000 after buying an additional 233,397 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Toro by 5.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,396 shares of the company’s stock valued at $352,000 after buying an additional 220 shares during the last quarter. Focus Partners Wealth purchased a new stake in Toro in the fourth quarter valued at approximately $220,000. Lazard Asset Management LLC lifted its stake in Toro by 5,161.4% in the fourth quarter. Lazard Asset Management LLC now owns 220,402 shares of the company’s stock valued at $17,653,000 after buying an additional 216,213 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its stake in shares of Toro by 20.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,350 shares of the company’s stock worth $348,000 after purchasing an additional 737 shares during the last quarter. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Company Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.