Analysts Set Toro Company (The) (NYSE:TTC) Price Target at $101.75

Toro Company (The) (NYSE:TTC) has received an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $101.75.

A number of equities research analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Weiss Ratings cut Toro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday.

Toro Stock Performance

NYSE:TTC opened at $93.73 on Friday. The firm has a market cap of $8.93 billion, a PE ratio of 27.01 and a beta of 0.68. Toro has a fifty-two week low of $67.64 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 1.56. The business has a 50 day moving average price of $92.40 and a 200-day moving average price of $93.49.

Toro (NYSE:TTC) last issued its earnings results on Thursday, June 4th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.10. Toro had a net margin of 7.29% and a return on equity of 31.13%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $1.42 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. Equities research analysts predict that Toro will post 4.6 earnings per share for the current year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 16th were paid a $0.39 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a yield of 1.7%. Toro’s payout ratio is presently 44.96%.

Insider Buying and Selling at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,600 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the completion of the sale, the vice president directly owned 12,166 shares in the company, valued at approximately $1,132,532.94. This trade represents a 35.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Edric C. Funk sold 527 shares of Toro stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $97.97, for a total transaction of $51,630.19. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 12,934 shares of company stock worth $1,204,933. 1.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TTC. Integrated Wealth Concepts LLC boosted its position in shares of Toro by 10.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after buying an additional 586 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after buying an additional 124,373 shares during the last quarter. Caxton Associates LLP purchased a new position in Toro in the 1st quarter worth about $285,000. Empowered Funds LLC lifted its stake in Toro by 9.8% during the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after acquiring an additional 3,464 shares during the period. Finally, Focus Partners Wealth lifted its stake in Toro by 191.5% during the 1st 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. Hedge funds and other 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.