Toro Company (The) (NYSE:TTC) Receives $100.40 Average PT from Brokerages

Toro Company (The) (NYSE:TTC) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $100.40.

A number of brokerages have recently commented on TTC. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. DA Davidson lifted their target price on Toro from $97.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Robert W. Baird increased their price target on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, March 6th.

Toro Stock Performance

Shares of TTC opened at $94.87 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. The firm’s 50 day moving average is $95.08 and its 200-day moving average is $82.35. Toro has a 12-month low of $62.34 and a 12-month high of $105.18. The stock has a market capitalization of $9.20 billion, a P/E ratio of 28.41 and a beta of 0.80.

Toro (NYSE:TTC) last released its earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.65 by $0.09. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Toro had a net margin of 7.28% and a return on equity of 29.60%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Toro

Several hedge funds have recently made changes to their positions in the company. Birchwood Financial Partners Inc. purchased a new position in Toro during the 4th quarter worth approximately $215,000. Jump Financial LLC purchased a new stake in shares of Toro in the fourth quarter valued at $756,000. Russell Investments Group Ltd. lifted its holdings in shares of Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after purchasing an additional 410 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Toro in the fourth quarter worth $1,664,000. Finally, Van ECK Associates Corp grew its holdings in shares of 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. 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.