Toro (NYSE:TTC) Downgraded to Hold Rating by Wall Street Zen

Toro (NYSE:TTC) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

A number of other brokerages have also issued reports on TTC. Robert W. Baird set a $84.00 target price on shares of Toro in a research report on Tuesday, December 16th. Raymond James Financial lowered shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.20.

Toro Stock Up 1.2%

TTC stock opened at $101.65 on Friday. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 32.07 and a beta of 0.82. The company has a 50-day moving average of $88.38 and a two-hundred day moving average of $79.85. Toro has a 52-week low of $62.34 and a 52-week high of $101.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 0.86.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its holdings in shares of Toro by 10.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock worth $446,000 after buying an additional 586 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Toro by 37.4% in the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after acquiring an additional 124,373 shares during the period. Caxton Associates LLP bought a new stake in Toro in the first quarter valued at $285,000. Empowered Funds LLC raised its stake in Toro by 9.8% during the first quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock worth $2,826,000 after acquiring an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Toro by 191.5% during the first quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after acquiring an additional 4,984 shares during the period. Institutional investors own 87.95% of the company’s stock.

About Toro

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.