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

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

TTC has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on Toro from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, September 5th. Longbow Research raised shares of Toro from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, August 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Northland Securities raised their price objective on shares of Toro from $80.00 to $90.00 and gave the company a “market perform” rating in a research report on Tuesday, September 9th. Finally, DA Davidson lifted their target price on shares of Toro from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, September 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Syon Capital LLC boosted its stake in shares of Toro by 104.6% during the 3rd quarter. Syon Capital LLC now owns 15,328 shares of the company’s stock worth $1,168,000 after purchasing an additional 7,838 shares during the period. Rothschild Investment LLC lifted its stake in Toro by 235.6% in the third quarter. Rothschild Investment LLC now owns 3,406 shares of the company’s stock worth $260,000 after purchasing an additional 2,391 shares during the last quarter. Jensen Investment Management Inc. boosted its position in shares of Toro by 10.1% during the third quarter. Jensen Investment Management Inc. now owns 43,470 shares of the company’s stock valued at $3,312,000 after buying an additional 4,000 shares during the period. Wesbanco Bank Inc. boosted its position in shares of Toro by 4.3% during the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock valued at $740,000 after buying an additional 400 shares during the period. Finally, Willis Investment Counsel grew its stake in shares of Toro by 3.0% during the third quarter. Willis Investment Counsel now owns 17,653 shares of the company’s stock valued at $1,345,000 after buying an additional 508 shares during the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Stock Down 1.3%

TTC stock opened at $72.65 on Monday. Toro has a twelve month low of $62.34 and a twelve 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 business has a 50 day moving average of $76.57 and a 200 day moving average of $74.78. The firm has a market cap of $7.11 billion, a PE ratio of 22.01 and a beta of 0.85.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, September 4th. The company reported $1.24 EPS for the quarter, beating 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 company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm posted $1.18 earnings per share. Toro’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. On average, research analysts forecast that Toro will post 4.41 EPS for the current fiscal year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, October 7th. Toro’s payout ratio is currently 46.06%.

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.