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

Toro Company (The) (NYSE:TTC) has been given an average rating of “Hold” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $92.20.

TTC has been the topic of several recent research reports. Wall Street Zen raised shares of Toro from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird set a $84.00 price objective on shares of Toro in a research note on Tuesday, December 16th. Finally, Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th.

Toro Trading Up 0.2%

NYSE TTC opened at $100.28 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. Toro has a 1-year low of $62.34 and a 1-year high of $101.08. The firm’s fifty day simple moving average is $86.79 and its 200-day simple moving average is $79.34. The company has a market capitalization of $9.82 billion, a PE ratio of 31.63 and a beta of 0.82.

Toro (NYSE:TTC) last issued its earnings results on Wednesday, December 17th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Toro had a return on equity of 28.90% and a net margin of 7.01%.The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, sell-side analysts anticipate that Toro will post 4.41 earnings per share for the current fiscal year.

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Toro’s previous quarterly dividend of $0.38. Toro’s payout ratio is currently 49.21%.

Hedge Funds Weigh In On Toro

A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Toro by 124.1% during the second quarter. SG Americas Securities LLC now owns 7,154 shares of the company’s stock valued at $506,000 after acquiring an additional 3,962 shares during the period. Willis Investment Counsel lifted its position in shares of Toro by 93.9% during the 2nd quarter. Willis Investment Counsel now owns 17,145 shares of the company’s stock worth $1,212,000 after purchasing an additional 8,302 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Toro by 17.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock valued at $7,975,000 after purchasing an additional 16,854 shares during the period. TD Private Client Wealth LLC grew its holdings in Toro by 14,306.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock valued at $3,634,000 after buying an additional 47,353 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in Toro by 46.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 38,648 shares of the company’s stock worth $2,732,000 after buying an additional 12,188 shares during the period. Institutional investors own 87.95% of the company’s stock.

Toro Company Profile

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.