Toro (NYSE:TTC) Price Target Cut to $115.00 by Analysts at DA Davidson

Toro (NYSE:TTC) had its target price dropped by analysts at DA Davidson from $117.00 to $115.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 23.18% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a report 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 on the stock in a research report on Friday, June 5th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.67.

Toro Stock Performance

Shares of TTC stock traded up $0.99 during mid-day trading on Friday, reaching $93.36. 340,948 shares of the company’s stock traded hands, compared to its average volume of 825,233. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56. The firm has a market capitalization of $8.89 billion, a PE ratio of 26.87 and a beta of 0.70. Toro has a 12 month low of $67.64 and a 12 month high of $105.18. The firm has a 50 day moving average price of $96.28 and a two-hundred day moving average price of $94.99.

Toro (NYSE:TTC) last released its earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Toro had a return on equity of 31.13% and a net margin of 7.29%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned $1.24 earnings per share. Toro’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, research analysts forecast that Toro will post 4.6 EPS for the current year.

Insider Activity

In related news, Director Gary Ellis sold 4,951 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total value of $455,046.41. Following the completion of the transaction, the director directly owned 35,297 shares of the company’s stock, valued at approximately $3,244,147.27. This trade represents a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kurt D. Svendsen sold 6,600 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total transaction of $614,394.00. Following the completion of the sale, the vice president owned 12,166 shares in the company, valued at $1,132,532.94. This represents a 35.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 12,934 shares of company stock worth $1,204,933. 1.88% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Toro

Institutional investors have recently modified their holdings of the stock. VELA Investment Management LLC raised its holdings in Toro by 9.6% during the 2nd quarter. VELA Investment Management LLC now owns 30,136 shares of the company’s stock valued at $2,936,000 after buying an additional 2,633 shares during the period. Corient Private Wealth LP increased its position in Toro by 1,063.5% during the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock valued at $18,314,000 after acquiring an additional 171,826 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Toro by 18.2% in the second quarter. HighTower Advisors LLC now owns 10,316 shares of the company’s stock valued at $1,005,000 after acquiring an additional 1,586 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Toro in the 2nd quarter worth about $974,000. Finally, California State Teachers Retirement System raised its position in Toro by 9,394.1% in the 2nd quarter. California State Teachers Retirement System now owns 10,923,412 shares of the company’s stock worth $1,064,159,000 after purchasing an additional 10,808,357 shares during the period. 87.95% of the stock is owned by institutional investors.

Trending Headlines about Toro

Here are the key news stories impacting Toro this week:

• Positive Sentiment: Quarterly results exceeded expectations: Toro reported adjusted earnings of $1.33 per share versus the $1.31 analyst consensus, while revenue reached $1.23 billion, ahead of the $1.19 billion estimate. Revenue increased 8.4% year over year, and earnings rose from $1.24 per share in the prior-year quarter. Toro Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Full-year guidance was raised: Toro increased its fiscal 2026 sales-growth outlook to 6.3%-6.6%, from 4.0%-6.5%, and lifted adjusted EPS guidance to $4.60-$4.65 from $4.50-$4.62. The new EPS range is broadly in line with the $4.61 consensus, reducing the risk of a negative guidance surprise. Toro Reports Higher Earnings and Raises FY26 Outlook
• Positive Sentiment: Both operating segments contributed: Professional segment sales rose 8.8% to $1.01 billion, while residential sales increased 8.6% to $209.3 million. Gross margin improved to 34.1% from 33.7%, and operating earnings increased to $115.2 million from $64.8 million.
• Positive Sentiment: Shareholder returns remained substantial: Toro returned $110 million to shareholders during the quarter, bringing fiscal-year-to-date distributions to $471 million. Toro Q3 Sales Rise and Outlook
• Neutral Sentiment: Institutional positioning was mixed: Recent filings showed significant additions and reductions by large investors, providing no clear overall signal for TTC.
• Negative Sentiment: Insider trading was mostly selling: Company insiders recorded 13 sales versus one purchase over the past six months, including a large sale by Chairman and CEO Richard Olson. This may raise a modest caution flag, though insider transactions do not necessarily reflect operating expectations.

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.