Toro (NYSE:TTC) Rating Lowered to “Strong Sell” at Zacks Research

Toro (NYSE:TTC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. DA Davidson boosted their target price on Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Northland Securities lifted their price target on shares of Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 9th. Robert W. Baird set a $84.00 price target on shares of Toro in a research note on Tuesday, December 16th. Finally, Longbow Research upgraded shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday, August 25th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $92.20.

Toro Stock Up 0.1%

TTC opened at $78.55 on Monday. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 24.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87. The firm’s 50-day simple moving average is $73.03 and its 200-day simple moving average is $74.58. Toro has a twelve month low of $62.34 and a twelve month high of $87.46.

Toro (NYSE:TTC) last released its quarterly earnings results on Wednesday, December 17th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Toro had a net margin of 7.01% and a return on equity of 28.90%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. Equities research analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TTC. Captrust Financial Advisors raised its holdings in Toro by 16.6% in the third quarter. Captrust Financial Advisors now owns 52,879 shares of the company’s stock worth $4,029,000 after purchasing an additional 7,511 shares during the period. Danske Bank A S bought a new stake in shares of Toro in the 3rd quarter valued at $46,000. Horizon Investments LLC increased its position in shares of Toro by 88.4% in the 3rd quarter. Horizon Investments LLC now owns 29,392 shares of the company’s stock valued at $2,229,000 after buying an additional 13,789 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Toro during the 3rd quarter worth $119,000. Finally, Van ECK Associates Corp lifted its holdings in Toro by 0.6% during the third quarter. Van ECK Associates Corp now owns 247,609 shares of the company’s stock worth $18,867,000 after acquiring an additional 1,442 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

About Toro

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.