Wall Street Zen Upgrades Toro (NYSE:TTC) to Buy

Toro (NYSE:TTC) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

TTC has been the topic of several other reports. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Robert W. Baird set a $84.00 target price on Toro in a research note on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $92.20.

Toro Stock Up 1.7%

Toro stock opened at $100.07 on Friday. Toro has a 52 week low of $62.34 and a 52 week high of $101.08. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 31.57 and a beta of 0.82. The company’s 50-day moving average price is $85.59 and its two-hundred day moving average price is $78.90. The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63.

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

Hedge Funds Weigh In On Toro

Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in Toro by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock valued at $20,345,000 after buying an additional 10,835 shares in the last quarter. Stonebridge Capital Advisors LLC raised its holdings in shares of Toro by 6.9% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 9,299 shares of the company’s stock valued at $732,000 after acquiring an additional 600 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in shares of Toro by 425.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after acquiring an additional 52,457 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Toro by 379.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after purchasing an additional 44,030 shares during the period. Finally, Rothschild Investment LLC grew its position in Toro by 6.0% during the 4th quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock worth $284,000 after purchasing an additional 203 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.