Toro (NYSE:TTC) Price Target Raised to $97.00

Toro (NYSE:TTC) had its price target upped by DA Davidson from $93.00 to $97.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Northland Securities restated a “market perform” rating and issued a $80.00 price objective (down previously from $100.00) on shares of Toro in a research note on Friday, June 6th. Robert W. Baird upped their target price on shares of Toro from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday. Northland Capmk lowered shares of Toro from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 6th. Longbow Research raised Toro from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Monday, August 25th. Finally, Raymond James Financial lowered their price objective on Toro from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, June 6th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.60.

Toro Stock Up 1.3%

Shares of Toro stock opened at $81.68 on Friday. Toro has a 12-month low of $62.34 and a 12-month high of $89.50. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average price of $76.10 and a two-hundred day moving average price of $73.54. The stock has a market capitalization of $7.99 billion, a P/E ratio of 24.75 and a beta of 0.80.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, September 4th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.02. Toro had a return on equity of 28.98% and a net margin of 7.37%.The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the firm earned $1.18 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. Equities analysts expect that Toro will post 4.41 earnings per share for the current year.

Insider Activity at Toro

In other news, Director Gary Lee Ellis sold 5,038 shares of the business’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total transaction of $356,740.78. Following the completion of the sale, the director owned 34,062 shares in the company, valued at $2,411,930.22. The trade was a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kurt D. Svendsen sold 6,000 shares of the company’s stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the transaction, the vice president owned 11,646 shares in the company, valued at approximately $826,749.54. The trade was a 34.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Toro

Several large investors have recently modified their holdings of TTC. Vanguard Group Inc. raised its holdings in shares of Toro by 1.6% during the first quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company’s stock worth $763,514,000 after acquiring an additional 169,865 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Toro by 16.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company’s stock worth $595,649,000 after purchasing an additional 1,156,314 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Toro by 1,184.6% in the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company’s stock valued at $142,827,000 after purchasing an additional 1,810,429 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Toro by 39.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company’s stock valued at $111,654,000 after purchasing an additional 434,257 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of Toro by 3.2% during the first quarter. King Luther Capital Management Corp now owns 1,077,753 shares of the company’s stock worth $78,407,000 after buying an additional 33,920 shares during the period. 87.95% of the stock is currently owned by institutional investors.

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.