Toro (NYSE:TTC) Stock Moved Up to Strong-Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded Toro from “buy” to “strong-buy,” although the broader analyst consensus remains “hold,” with an average price target of $111.67.
• Toro reported quarterly earnings of $1.33 per share, topping estimates by $0.02, while revenue rose 8.4% year over year to $1.23 billion.
• The stock opened at $97.05, with a market capitalization of approximately $9.19 billion; institutional investors own nearly 88% of the company.

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

Several other equities analysts have also recently issued reports on TTC. Oppenheimer initiated coverage on shares of Toro in a research report on Wednesday. They set an "outperform" rating and a $120.00 price target on the stock. DA Davidson lowered their price objective on shares of Toro from $117.00 to $115.00 and set a "buy" rating for the company in a report on Friday, September 4th. Weiss Ratings raised Toro from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Finally, Robert W. Baird reduced their target price on Toro from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $111.67.

Toro Price Performance

Shares of Toro stock opened at $97.05 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The company has a market cap of $9.19 billion, a PE ratio of 25.95 and a beta of 0.70. The business has a 50 day moving average of $95.89 and a 200 day moving average of $94.37. Toro has a 52 week low of $67.64 and a 52 week high of $105.18.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, equities research analysts forecast that Toro will post 4.64 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC raised its holdings in Toro by 6.0% in the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company's stock worth $284,000 after buying an additional 203 shares during the last quarter. Essential Partners LLC grew its holdings in shares of Toro by 2.3% during the first quarter. Essential Partners LLC now owns 10,519 shares of the company's stock valued at $983,000 after buying an additional 233 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Toro by 8.4% during the second quarter. GAMMA Investing LLC now owns 4,550 shares of the company's stock valued at $443,000 after buying an additional 351 shares during the last quarter. Pinnacle Bancorp Inc. bought a new stake in shares of Toro during the first quarter valued at approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Toro by 237.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company's stock valued at $75,000 after acquiring an additional 541 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 is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro's product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.

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