Toro (NYSE:TTC) Lowered to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Toro from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with a $101.67 price target.
• Toro exceeded fiscal third-quarter expectations, reporting $1.23 billion in revenue and adjusted EPS of $1.33, while raising fiscal 2026 adjusted EPS guidance to $4.60–$4.65.
• The stock opened at $93.45, and insider selling totaled nearly $1.2 million in the latest quarter, although institutional investors own a substantial 87.95% stake.

Toro (NYSE:TTC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently commented on TTC. Robert W. Baird decreased their target price on Toro from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, June 5th. Weiss Ratings upgraded shares of Toro from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Finally, DA Davidson reduced their target price on Toro from $117.00 to $115.00 and set a "buy" rating on the stock in a research note on Friday. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $101.67.

Toro Trading Up 1.2%

TTC opened at $93.45 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. Toro has a 1-year low of $67.64 and a 1-year high of $105.18. The company has a market cap of $8.90 billion, a P/E ratio of 24.99 and a beta of 0.70. The company's 50 day moving average is $96.21 and its 200-day moving average is $94.98.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $1.24 EPS. Toro's quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Equities research analysts predict that Toro will post 4.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Edric C. Funk sold 856 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $97.97, for a total transaction of $83,862.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kurt Svendsen sold 6,600 shares of Toro stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $93.09, for a total transaction of $614,394.00. Following the completion of the transaction, the vice president directly owned 12,166 shares of the company's stock, valued at $1,132,532.94. This trade represents a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 12,934 shares of company stock worth $1,204,933. Company insiders own 1.88% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TTC. California State Teachers Retirement System increased its position in Toro by 9,394.1% during the second quarter. California State Teachers Retirement System now owns 10,923,412 shares of the company's stock valued at $1,064,159,000 after acquiring an additional 10,808,357 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 purchasing an additional 124,373 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Toro by 4.4% during the 4th quarter. Van ECK Associates Corp now owns 258,444 shares of the company's stock valued at $20,345,000 after acquiring an additional 10,835 shares during the last quarter. Corient Private Wealth LP grew its position in Toro by 1,063.5% in the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company's stock worth $18,314,000 after acquiring an additional 171,826 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Toro by 0.3% during the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company's stock worth $9,889,000 after buying an additional 410 shares during the period. 87.95% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Toro

Here are the key news stories impacting Toro this week:

• Positive Sentiment: Toro reported fiscal Q3 revenue of $1.23 billion, up 8.4% year over year and above the $1.19 billion consensus estimate. Adjusted earnings of $1.33 per share also exceeded analyst expectations and rose from $1.24 a year earlier. Toro Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $4.60-$4.65, from $4.50-$4.62, and increased its revenue-growth outlook to 6.3%-6.6%. The new earnings range is broadly in line with the $4.61 consensus estimate. Toro Reports Higher Earnings and Raises FY26 Outlook
• Positive Sentiment: Growth was broad-based, with Professional segment sales increasing 8.8% and Residential segment sales rising 8.6%. Gross margin improved to 34.1% from 33.7%, while Toro returned $110 million to shareholders during the quarter.
• Positive Sentiment: DA Davidson maintained a Buy rating and reduced its price target modestly to $115 from $117, still implying substantial upside from the referenced trading level.
• Neutral Sentiment: Although earnings and revenue beat estimates, reported GAAP diluted EPS was $0.81, reflecting the impact of items that distinguish it from the $1.33 adjusted EPS figure highlighted in market coverage. Toro Fiscal 2026 EPS Guidance
• Negative Sentiment: Insider activity was heavily weighted toward selling, including a substantial sale by Chairman and CEO Richard Olson. This may raise caution about management’s view of near-term valuation, despite the stronger operating results.

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.

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