Northland Securities Increases Earnings Estimates for Toro

Key Points

• Northland Securities raised Toro’s FY2026 EPS estimate to $4.62 from $4.59, near the $4.63 consensus, and projects FY2027 EPS of $4.89.
• Toro exceeded quarterly expectations, reporting adjusted EPS of $1.33 versus $1.31 expected and revenue of $1.23 billion versus $1.19 billion. Revenue increased 8.4% year over year, and fiscal 2026 guidance is $4.60–$4.65 per share.
• Despite strong results, analyst sentiment remains cautious: Toro carries a consensus “Hold” rating with a $101.67 price target, while insiders sold roughly $1.2 million of shares during the last quarter.

Toro Company (The) (NYSE:TTC - Free Report) - Stock analysts at Northland Securities raised their FY2026 EPS estimates for Toro in a research report issued to clients and investors on Friday, September 4th. Northland Securities analyst T. Jackson now expects that the company will post earnings of $4.62 per share for the year, up from their prior forecast of $4.59. The consensus estimate for Toro's current full-year earnings is $4.63 per share. Northland Securities also issued estimates for Toro's Q2 2027 earnings at $1.56 EPS, Q3 2027 earnings at $1.26 EPS and FY2027 earnings at $4.89 EPS.

Toro (NYSE:TTC - Get Free Report) last posted its earnings results 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. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. Toro had a return on equity of 31.86% and a net margin of 7.64%.Toro's revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.24 earnings per share. Toro has set its FY 2026 guidance at 4.600-4.650 EPS.

A number of other analysts have also recently weighed in on the company. Wall Street Zen cut Toro from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Weiss Ratings raised shares of Toro from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. DA Davidson decreased their price target on Toro from $117.00 to $115.00 and set a "buy" rating for the company in a report on Friday. Finally, Robert W. Baird lowered their target price on shares of Toro from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, June 5th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $101.67.

Toro Stock Up 0.1%

NYSE:TTC opened at $93.45 on Monday. Toro has a fifty-two week low of $67.64 and a fifty-two week high of $105.18. The company's 50-day simple moving average is $96.21 and its 200-day simple moving average is $94.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. The stock has a market capitalization of $8.85 billion, a P/E ratio of 24.99 and a beta of 0.70.

Insider Transactions at Toro

In other news, VP Kurt D. Svendsen sold 6,600 shares of Toro stock in a transaction 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 transaction, the vice president owned 12,166 shares in the company, valued at $1,132,532.94. The trade was a 35.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Ellis sold 4,951 shares of Toro stock in a transaction dated Tuesday, June 9th. The stock was 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 in the company, valued at $3,244,147.27. This trade represents a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,934 shares of company stock worth $1,204,933 in the last quarter. Company insiders own 1.88% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. VELA Investment Management LLC grew its stake in shares of Toro by 9.6% in the second quarter. VELA Investment Management LLC now owns 30,136 shares of the company's stock worth $2,936,000 after acquiring an additional 2,633 shares in the last quarter. Corient Private Wealth LP lifted its stake in Toro by 1,063.5% during the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company's stock worth $18,314,000 after purchasing an additional 171,826 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Toro by 18.2% in the 2nd quarter. HighTower Advisors LLC now owns 10,316 shares of the company's stock valued at $1,005,000 after buying an additional 1,586 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Toro in the second quarter valued at $974,000. Finally, California State Teachers Retirement System grew its stake in Toro by 9,394.1% during the 2nd quarter. California State Teachers Retirement System now owns 10,923,412 shares of the company's stock worth $1,064,159,000 after buying an additional 10,808,357 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Key Toro News

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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