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

Shares of Toro Company (The) (NYSE:TTC) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $100.40.

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

Insider Buying and Selling

In other Toro news, CEO Richard M. Olson sold 119,400 shares of Toro stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total value of $11,957,910.00. Following the completion of the sale, the chief executive officer directly owned 38,186 shares in the company, valued at approximately $3,824,327.90. The trade was a 75.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 value of $492,129.40. Following the completion of the sale, the director owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. The trade was a 64.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.88% of the company’s stock.

Institutional Investors Weigh In On Toro

Hedge funds and other institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC increased its holdings in shares of Toro by 14,306.0% during the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock valued at $3,634,000 after acquiring an additional 47,353 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Toro by 193.8% during the third quarter. SG Americas Securities LLC now owns 21,019 shares of the company’s stock valued at $1,602,000 after acquiring an additional 13,865 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Toro by 45.2% during the fourth quarter. Farther Finance Advisors LLC now owns 18,108 shares of the company’s stock valued at $1,425,000 after acquiring an additional 5,634 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of Toro during the fourth quarter valued at approximately $579,000. Finally, Willis Investment Counsel increased its holdings in shares of Toro by 46.7% during the fourth quarter. Willis Investment Counsel now owns 25,896 shares of the company’s stock valued at $2,039,000 after acquiring an additional 8,243 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

Toro Price Performance

Shares of TTC opened at $95.41 on Monday. The stock has a market capitalization of $9.25 billion, a P/E ratio of 28.56 and a beta of 0.73. Toro has a twelve month low of $67.04 and a twelve month high of $105.18. The company has a 50 day moving average of $95.58 and a 200-day moving average of $86.55. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75.

Toro (NYSE:TTC) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.09. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Toro had a net margin of 7.28% and a return on equity of 29.60%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts forecast that Toro will post 4.52 EPS for the current fiscal year.

Toro Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Monday, March 30th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 30th. Toro’s payout ratio is currently 46.71%.

Toro Company Profile

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.