Toro Company (The) (NYSE:TTC) Receives $92.60 Average PT from Brokerages

Toro Company (The) (NYSE:TTC) has received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $92.60.

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

Toro Trading Down 0.1%

Shares of TTC opened at $74.12 on Thursday. The stock has a market capitalization of $7.25 billion, a P/E ratio of 22.46 and a beta of 0.85. 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 firm has a fifty day simple moving average of $77.76 and a two-hundred day simple moving average of $73.86. Toro has a twelve month low of $62.34 and a twelve month high of $89.50.

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

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, October 7th. Toro’s dividend payout ratio (DPR) is currently 46.06%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TTC. AQR Capital Management LLC increased 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 worth $142,827,000 after acquiring an additional 1,810,429 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Toro by 16.4% in 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 acquiring an additional 1,156,314 shares in the last quarter. Boston Trust Walden Corp increased its stake in shares of Toro by 133.3% in the 1st quarter. Boston Trust Walden Corp now owns 779,419 shares of the company’s stock worth $56,703,000 after acquiring an additional 445,287 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Toro by 39.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company’s stock worth $111,654,000 after acquiring an additional 434,257 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Toro in the 1st quarter worth about $13,560,000. 87.95% of the stock is currently owned by institutional investors.

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.