Toro (NYSE:TTC) Hits New 12-Month High on Earnings Beat

Toro Company (The) (NYSE:TTC)’s share price reached a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $105.19 and last traded at $101.30, with a volume of 406331 shares traded. The stock had previously closed at $100.73.

The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Toro had a return on equity of 28.90% and a net margin of 7.01%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 earnings per share. Toro has set its FY 2026 guidance at 4.400-4.600 EPS.

Toro Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Robert W. Baird set a $84.00 price objective on shares of Toro in a research note on Tuesday, December 16th. Raymond James Financial lowered shares of Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen lowered Toro from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Toro presently has a consensus rating of “Hold” and a consensus target price of $92.20.

Institutional Trading of Toro

Large investors have recently modified their holdings of the business. Davis Capital Management purchased a new stake in shares of Toro during the third quarter worth about $42,000. Danske Bank A S acquired a new stake in Toro during the 3rd quarter valued at approximately $46,000. MTM Investment Management LLC purchased a new stake in Toro during the 2nd quarter worth approximately $85,000. Quent Capital LLC acquired a new position in shares of Toro in the 3rd quarter valued at approximately $97,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Toro in the 3rd quarter valued at approximately $119,000. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Stock Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87. The company has a market capitalization of $9.66 billion, a PE ratio of 31.12 and a beta of 0.80. The company has a 50 day moving average price of $92.39 and a 200 day moving average price of $81.35.

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.