DA Davidson Issues Positive Forecast for Toro (NYSE:TTC) Stock Price

Toro (NYSE:TTC) had its price target raised by DA Davidson from $97.00 to $117.00 in a research note published on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised Toro from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird upped their price target on shares of Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday. Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $100.40.

Toro Stock Up 0.3%

Toro stock opened at $99.73 on Monday. The company has a market capitalization of $9.67 billion, a P/E ratio of 29.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. Toro has a fifty-two week low of $62.34 and a fifty-two week high of $105.18. The stock has a 50-day simple moving average of $93.20 and a 200-day simple moving average of $81.73.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The firm’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 EPS. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts expect that Toro will post 4.41 earnings per share for the current year.

Institutional Inflows and Outflows

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