Brokerages Set Toro Company (The) (NYSE:TTC) Target Price at $92.60

Shares of Toro Company (The) (NYSE:TTC) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $92.60.

A number of equities research analysts have issued reports on the stock. DA Davidson increased their price objective on shares of Toro from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Northland Securities upped their price target on shares of Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Robert W. Baird boosted their price objective on shares of Toro from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, September 5th. Finally, Longbow Research raised Toro from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Monday, August 25th.

Toro Price Performance

Toro stock opened at $73.02 on Monday. The firm has a market cap of $7.15 billion, a PE ratio of 22.13 and a beta of 0.85. 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 stock’s fifty day moving average price is $76.06 and its two-hundred day moving average price is $74.82. Toro has a one year low of $62.34 and a one year high of $89.50.

Toro (NYSE:TTC) last released its earnings results 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 the consensus estimate of $1.16 billion. Toro had a return on equity of 28.98% and a net margin of 7.37%.The company’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.18 EPS. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. As a group, research analysts expect that Toro will post 4.41 EPS for the current fiscal year.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $1.52 annualized dividend and a yield of 2.1%. Toro’s dividend payout ratio (DPR) is 46.06%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TTC. EverSource Wealth Advisors LLC boosted its stake in shares of Toro by 28.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,262 shares of the company’s stock valued at $401,000 after purchasing an additional 1,167 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Toro by 26.1% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 11,600 shares of the company’s stock valued at $884,000 after purchasing an additional 2,400 shares during the last quarter. Syon Capital LLC boosted its position in Toro by 104.6% in the third quarter. Syon Capital LLC now owns 15,328 shares of the company’s stock valued at $1,168,000 after buying an additional 7,838 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of Toro by 235.6% during the third quarter. Rothschild Investment LLC now owns 3,406 shares of the company’s stock worth $260,000 after buying an additional 2,391 shares during the last quarter. Finally, Jensen Investment Management Inc. grew its stake in shares of Toro by 10.1% during the third quarter. Jensen Investment Management Inc. now owns 43,470 shares of the company’s stock worth $3,312,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

About Toro

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.