Toro Company (The) (NYSE:TTC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Toro Company (The) (NYSE:TTC) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $100.40.

Several research firms have recently commented on TTC. DA Davidson raised their price objective on shares of Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Wall Street Zen upgraded shares of Toro from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Toro in a research note on Friday, April 17th. Finally, Robert W. Baird lifted their price target on shares of Toro from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th.

Insider Buying and Selling

In related news, CEO Richard M. Olson sold 119,400 shares of Toro stock in a transaction that occurred on 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 transaction, the chief executive officer owned 38,186 shares in the company, valued at $3,824,327.90. The trade was a 75.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin O’rourke sold 4,951 shares of Toro stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the transaction, the director owned 2,704 shares of the company’s stock, valued at $268,777.60. This represents a 64.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.88% of the stock is owned by insiders.

Institutional Trading of Toro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. raised its holdings in Toro by 379.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after purchasing an additional 44,030 shares in the last quarter. LSV Asset Management acquired a new stake in Toro during the fourth quarter worth approximately $1,078,000. Farther Finance Advisors LLC raised its holdings in Toro by 45.2% during the fourth quarter. Farther Finance Advisors LLC now owns 18,108 shares of the company’s stock worth $1,425,000 after purchasing an additional 5,634 shares in the last quarter. Willis Investment Counsel raised its holdings in Toro by 46.7% during the fourth quarter. Willis Investment Counsel now owns 25,896 shares of the company’s stock worth $2,039,000 after purchasing an additional 8,243 shares in the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in Toro during the fourth quarter worth approximately $579,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Trading Down 0.2%

NYSE TTC opened at $89.83 on Friday. The firm has a 50 day simple moving average of $93.34 and a 200-day simple moving average of $88.56. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. Toro has a one year low of $67.04 and a one year high of $105.18. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 26.90 and a beta of 0.70.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts anticipate that Toro will post 4.52 EPS for the current fiscal year.

Toro Announces Dividend

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 $0.39 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. Toro’s payout ratio is currently 46.71%.

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.