Toro (NYSE:TTC) Stock Rating Upgraded by Wall Street Zen

Toro (NYSE:TTC) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday.

Several other equities analysts have also recently weighed in on TTC. Robert W. Baird raised their price target on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, DA Davidson boosted their price target on shares of Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $100.40.

Toro Stock Up 0.5%

Shares of TTC stock opened at $95.45 on Friday. The company’s fifty day simple moving average is $94.59 and its two-hundred day simple moving average is $82.16. Toro has a 52 week low of $62.34 and a 52 week high of $105.18. The stock has a market cap of $9.25 billion, a P/E ratio of 28.58 and a beta of 0.80. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share 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 analyst estimates of $1 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts predict that Toro will post 4.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Toro news, Director James Calvin O’rourke sold 4,951 shares of Toro stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the completion of the transaction, the director directly owned 2,704 shares of the company’s stock, valued at $268,777.60. The trade was a 64.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard M. Olson sold 119,400 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total transaction of $11,957,910.00. Following the transaction, the chief executive officer owned 38,186 shares in the company, valued at $3,824,327.90. This trade represents a 75.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.88% of the stock is owned by company insiders.

Institutional Trading of Toro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Davis Capital Management purchased a new position in shares of Toro during the third quarter valued at approximately $42,000. Danske Bank A S purchased a new stake in shares of Toro in the third quarter worth approximately $46,000. MTM Investment Management LLC purchased a new stake in shares of Toro in the second quarter worth approximately $85,000. Quent Capital LLC bought a new stake in shares of Toro during the 3rd quarter worth approximately $97,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Toro during the 3rd quarter worth approximately $119,000. 87.95% of the stock is owned by hedge funds and other institutional investors.

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.