Northland Capmk Brokers Increase Earnings Estimates for Toro

Toro Company (The) (NYSE:TTC) – Equities research analysts at Northland Capmk lifted their FY2026 earnings estimates for Toro in a research note issued on Tuesday, September 9th. Northland Capmk analyst E. Jackson now expects that the company will earn $4.74 per share for the year, up from their previous estimate of $4.66. Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for Toro’s current full-year earnings is $4.41 per share.

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

Several other equities analysts also recently issued reports on the stock. 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, August 25th. Raymond James Financial cut their price target on shares of Toro from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, June 6th. Robert W. Baird increased their price target on shares of Toro from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. DA Davidson increased their price target 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. Finally, Northland Securities increased their price target on shares of Toro from $80.00 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday. Three equities research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $92.60.

Toro Stock Performance

Shares of TTC opened at $79.87 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 24.20 and a beta of 0.80. The company’s 50 day simple moving average is $76.60 and its 200 day simple moving average is $73.62. Toro has a 1 year low of $62.34 and a 1 year high of $89.50.

Insider Activity

In other news, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction 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 completion of the sale, the vice president owned 11,646 shares of the company’s stock, valued at $826,749.54. This represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Toro

Several large investors have recently made changes to their positions in TTC. True Wealth Design LLC increased its position in shares of Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company’s stock worth $29,000 after acquiring an additional 206 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company’s stock worth $36,000 after acquiring an additional 240 shares in the last quarter. Financial Harvest LLC acquired a new stake in shares of Toro in the first quarter worth $42,000. Allworth Financial LP increased its position in shares of Toro by 91.6% in the first quarter. Allworth Financial LP now owns 663 shares of the company’s stock worth $46,000 after acquiring an additional 317 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Toro by 81.2% in the first quarter. Versant Capital Management Inc now owns 868 shares of the company’s stock worth $63,000 after acquiring an additional 389 shares in 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.