Toro (NYSE:TTC) Upgraded at Zacks Research

Zacks Research upgraded shares of Toro (NYSE:TTC) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently commented on TTC. Wall Street Zen upgraded shares of Toro from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Finally, Robert W. Baird set a $84.00 price target on shares of Toro in a report on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Toro has a consensus rating of “Hold” and an average price target of $92.20.

Toro Stock Up 1.1%

TTC opened at $90.48 on Tuesday. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 28.54 and a beta of 0.82. 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 firm’s fifty day moving average is $77.71 and its 200 day moving average is $76.63. Toro has a fifty-two week low of $62.34 and a fifty-two week high of $90.49.

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

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were given a dividend of $0.39 per share. The ex-dividend date was Monday, December 22nd. This is an increase from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 1.7%. Toro’s dividend payout ratio (DPR) is 49.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in shares of 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 in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Toro by 14,306.0% during 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 period. Russell Investments Group Ltd. increased its stake in Toro by 17.6% during the second quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company’s stock worth $7,975,000 after acquiring an additional 16,854 shares during the last quarter. SG Americas Securities LLC raised its holdings in Toro by 193.8% in the third quarter. SG Americas Securities LLC now owns 21,019 shares of the company’s stock valued at $1,602,000 after buying an additional 13,865 shares during the period. Finally, Horizon Investments LLC increased its position in shares of Toro by 88.4% in the third quarter. Horizon Investments LLC now owns 29,392 shares of the company’s stock worth $2,229,000 after acquiring an additional 13,789 shares in the last quarter. Hedge funds and other 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.