Toro (NYSE:TTC) Given a $76.00 Price Target by DA Davidson Analysts

DA Davidson set a $76.00 price objective on Toro (NYSE:TTC - Free Report) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage currently has a neutral rating on the stock. DA Davidson also issued estimates for Toro's Q3 2025 earnings at $1.22 EPS, FY2025 earnings at $4.23 EPS and FY2026 earnings at $4.63 EPS.

TTC has been the subject of several other research reports. Wall Street Zen downgraded shares of Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Raymond James reduced their target price on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Robert W. Baird upped their price target on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Northland Capmk downgraded Toro from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, Northland Securities reissued a "market perform" rating and issued a $80.00 target price (down previously from $100.00) on shares of Toro in a research report on Friday, June 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Toro has an average rating of "Hold" and a consensus target price of $82.75.

Toro Stock Down 1.4%

Shares of Toro stock traded down $1.01 during midday trading on Monday, hitting $69.68. The company had a trading volume of 709,472 shares, compared to its average volume of 941,294. Toro has a 52-week low of $62.34 and a 52-week high of $100.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.81. The stock has a market capitalization of $6.88 billion, a P/E ratio of 17.38 and a beta of 0.83. The company has a 50 day moving average of $71.20 and a 200 day moving average of $77.04.

Toro (NYSE:TTC - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.02. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.35 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 earnings per share. On average, equities analysts predict that Toro will post 4.41 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.18%. Toro's dividend payout ratio is currently 38.97%.

Insider Activity

In other Toro news, Director Gary Lee Ellis sold 5,038 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $70.81, for a total value of $356,740.78. Following the completion of the sale, the director now owns 34,062 shares in the company, valued at $2,411,930.22. This represents a 12.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.39% of the company's stock.

Institutional Investors Weigh In On Toro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in shares of Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock valued at $29,000 after acquiring an additional 206 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Toro during the 4th quarter worth approximately $31,000. Brooklyn Investment Group lifted its holdings in Toro by 94.1% during the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock valued at $36,000 after buying an additional 240 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Toro by 195.7% in the fourth quarter. Venturi Wealth Management LLC now owns 547 shares of the company's stock valued at $44,000 after purchasing an additional 362 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Toro by 30.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 547 shares of the company's stock worth $43,000 after buying an additional 127 shares in the last quarter. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Company Profile

The Toro Company designs, manufactures, markets, and sells professional turf maintenance equipment and services. It operates through two segments: Professional and Residential. The Professional segment offers turf and landscape equipment products, including sports fields and grounds mowing and maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment; rental, specialty, and underground construction equipment, such as horizontal directional drills, walk and ride trenchers, stand-on skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools; and snow and ice management equipment, such as snowplows, as well as stand-on snow and ice removal equipment, such as snowplow, snow brush, and snow thrower attachments, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders.