Toro (NYSE:TTC) Rating Increased to Buy at DA Davidson

DA Davidson upgraded shares of Toro (NYSE:TTC) from a neutral rating to a buy rating in a report released on Monday morning, Marketbeat.com reports. DA Davidson currently has $93.00 target price on the stock, up from their previous target price of $76.00.

TTC has been the topic of a number of other reports. Northland Capmk lowered shares of Toro from a “strong-buy” rating to a “hold” rating in a report on Friday, June 6th. Longbow Research raised shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday. Raymond James Financial lowered their target price on shares of Toro from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, June 6th. Robert W. Baird increased their price target on Toro from $84.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 3rd. Finally, Northland Securities restated a “market perform” rating and set a $80.00 price objective (down previously from $100.00) on shares of Toro in a report on Friday, June 6th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.60.

Toro Price Performance

TTC stock opened at $82.51 on Monday. The firm has a 50 day moving average of $74.05 and a 200-day moving average of $73.51. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 21.16 and a beta of 0.80. The company has a current ratio of 1.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. Toro has a 12-month low of $62.34 and a 12-month high of $93.00.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, June 5th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the business posted $1.40 EPS. Toro’s quarterly revenue was down 2.3% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. As a group, equities analysts expect that Toro will post 4.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total value of $356,740.78. Following the transaction, the director directly owned 34,062 shares of the company’s stock, valued at $2,411,930.22. This represents a 12.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kurt D. Svendsen sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total value of $425,940.00. Following the sale, the vice president owned 11,646 shares in the company, valued at $826,749.54. The trade was a 34.00% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTC. True Wealth Design LLC increased its holdings in shares of Toro by 127.2% in the 4th quarter. True Wealth Design LLC now owns 368 shares of the company’s stock worth $29,000 after acquiring an additional 206 shares during the period. Brooklyn Investment Group boosted its stake in Toro by 94.1% during the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company’s stock valued at $36,000 after purchasing an additional 240 shares during the period. Financial Harvest LLC bought a new position in Toro in the 1st quarter worth about $42,000. Allworth Financial LP increased its stake in shares of Toro by 91.6% in the first quarter. Allworth Financial LP now owns 663 shares of the company’s stock valued at $46,000 after purchasing an additional 317 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Toro by 81.2% during the first quarter. Versant Capital Management Inc now owns 868 shares of the company’s stock valued at $63,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Company Profile

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.