DA Davidson Has Lowered Expectations for Toro (NYSE:TTC) Stock Price

Key Points

• DA Davidson lowered Toro’s price target from $117 to $115 but maintained a “Buy” rating, implying 23.18% upside from the stock’s previous close.
• Toro exceeded quarterly expectations, reporting $1.33 in earnings per share and $1.23 billion in revenue, with revenue up 8.4% year over year. The company also raised its fiscal 2026 sales-growth and adjusted EPS guidance.
• Analyst sentiment remains cautious overall, with a consensus “Hold” rating and average price target of $101.67; meanwhile, insiders have primarily been selling shares, while institutional ownership stands at 87.95%.

Toro (NYSE:TTC - Get Free Report) had its target price decreased by equities research analysts at DA Davidson from $117.00 to $115.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. DA Davidson's price objective points to a potential upside of 23.18% from the stock's previous close.

Other research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Toro from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Robert W. Baird dropped their price target on Toro from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, June 5th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Toro has a consensus rating of "Hold" and an average target price of $101.67.

Toro Price Performance

Shares of NYSE TTC traded up $0.99 during midday trading on Friday, hitting $93.36. 340,948 shares of the company's stock were exchanged, compared to its average volume of 825,233. The company has a current ratio of 1.56, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. The business's fifty day moving average price is $96.28 and its two-hundred day moving average price is $94.99. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 26.87 and a beta of 0.70. Toro has a 12-month low of $67.64 and a 12-month high of $105.18.

Toro (NYSE:TTC - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.29% and a return on equity of 31.13%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $1.24 earnings per share. Toro's quarterly revenue was up 8.4% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, research analysts forecast that Toro will post 4.6 EPS for the current fiscal year.

Insider Transactions at Toro

In other Toro news, VP Kurt Svendsen sold 6,600 shares of Toro stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total transaction of $614,394.00. Following the sale, the vice president directly owned 12,166 shares of the company's stock, valued at approximately $1,132,532.94. The trade was a 35.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary Ellis sold 4,951 shares of Toro stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $91.91, for a total transaction of $455,046.41. Following the transaction, the director directly owned 35,297 shares of the company's stock, valued at approximately $3,244,147.27. This trade represents a 12.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,934 shares of company stock worth $1,204,933. Insiders own 1.88% of the company's stock.

Institutional Investors Weigh In On Toro

A number of institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. lifted its stake in shares of Toro by 379.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company's stock worth $4,379,000 after buying an additional 44,030 shares in the last quarter. LSV Asset Management purchased a new position in Toro in the 4th quarter worth approximately $1,078,000. SG Americas Securities LLC lifted its position in Toro by 416.7% in the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company's stock valued at $6,396,000 after acquiring an additional 55,206 shares in the last quarter. Entropy Technologies LP purchased a new stake in Toro during the 4th quarter valued at $1,664,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of Toro by 22.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 74,419 shares of the company's stock worth $7,250,000 after purchasing an additional 13,433 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro News Roundup

Here are the key news stories impacting Toro this week:

• Positive Sentiment: Quarterly results exceeded expectations: Toro reported adjusted earnings of $1.33 per share versus the $1.31 analyst consensus, while revenue reached $1.23 billion, ahead of the $1.19 billion estimate. Revenue increased 8.4% year over year, and earnings rose from $1.24 per share in the prior-year quarter. Toro Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Full-year guidance was raised: Toro increased its fiscal 2026 sales-growth outlook to 6.3%-6.6%, from 4.0%-6.5%, and lifted adjusted EPS guidance to $4.60-$4.65 from $4.50-$4.62. The new EPS range is broadly in line with the $4.61 consensus, reducing the risk of a negative guidance surprise. Toro Reports Higher Earnings and Raises FY26 Outlook
• Positive Sentiment: Both operating segments contributed: Professional segment sales rose 8.8% to $1.01 billion, while residential sales increased 8.6% to $209.3 million. Gross margin improved to 34.1% from 33.7%, and operating earnings increased to $115.2 million from $64.8 million.
• Positive Sentiment: Shareholder returns remained substantial: Toro returned $110 million to shareholders during the quarter, bringing fiscal-year-to-date distributions to $471 million. Toro Q3 Sales Rise and Outlook
• Neutral Sentiment: Institutional positioning was mixed: Recent filings showed significant additions and reductions by large investors, providing no clear overall signal for TTC.
• Negative Sentiment: Insider trading was mostly selling: Company insiders recorded 13 sales versus one purchase over the past six months, including a large sale by Chairman and CEO Richard Olson. This may raise a modest caution flag, though insider transactions do not necessarily reflect operating expectations.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source