Toro (NYSE:TTC) Sets New 1-Year High - What's Next?

Key Points

• Toro shares reached a new 52-week high of $105.42, up 1.9%, supported by a consensus “Moderate Buy” rating and an average analyst price target of $111.67.
• The company exceeded quarterly expectations, reporting $1.33 in adjusted EPS versus $1.31 expected and revenue of $1.23 billion, up 8.4% year over year. Toro maintained fiscal 2026 EPS guidance of $4.60–$4.65.
• Toro declared a quarterly dividend of $0.39, equivalent to $1.56 annually and a 1.5% yield; institutional investors own approximately 87.95% of the company.

Toro Company (The) (NYSE:TTC - Get Free Report) shares reached a new 52-week high on Thursday. The stock traded as high as $105.42 and last traded at $105.2140, with a volume of 169,513 shares. The stock had previously closed at $103.35.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TTC shares. Weiss Ratings raised Toro from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Oppenheimer started coverage on Toro in a report on Wednesday, September 23rd. They set an "outperform" rating and a $120.00 price target for the company. Wall Street Zen lowered Toro from a "strong-buy" rating to a "buy" rating in a research report on Sunday, October 4th. Finally, DA Davidson cut their price objective on shares of Toro from $117.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, September 4th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Toro currently has a consensus rating of "Moderate Buy" and an average price target of $111.67.

Toro Stock Up 1.9%

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 firm has a market capitalization of $9.97 billion, a PE ratio of 28.16, a PEG ratio of 2.21 and a beta of 0.66. The company's 50 day simple moving average is $96.98 and its 200-day simple moving average is $94.87.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the company posted $1.24 EPS. The business'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. On average, analysts forecast that Toro Company will post 4.64 EPS for the current fiscal year.

Toro Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, October 6th. Toro's dividend payout ratio is presently 41.71%.

Institutional Trading of Toro

Several hedge funds and other institutional investors have recently made changes to their positions in TTC. Quadrant Capital Group LLC lifted its position in Toro by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 6,782 shares of the company's stock valued at $664,000 after acquiring an additional 130 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Toro by 6.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,319 shares of the company's stock worth $227,000 after purchasing an additional 132 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its stake in shares of Toro by 7.0% in the third quarter. Robertson Stephens Wealth Management LLC now owns 2,411 shares of the company's stock worth $232,000 after purchasing an additional 157 shares during the last quarter. Essential Partners LLC raised its stake in shares of Toro by 2.3% in the first quarter. Essential Partners LLC now owns 10,519 shares of the company's stock worth $983,000 after purchasing an additional 233 shares during the last quarter. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 351 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 designs, manufactures and markets equipment and solutions for maintaining outdoor environments. Its products serve professional and residential customers in areas such as turf care, landscaping, irrigation, snow and ice management, and outdoor construction.

The company's portfolio includes zero-turn and riding mowers, walk-behind mowers, utility vehicles, turf maintenance equipment, landscape and irrigation systems, snowplows and snow removal equipment, and compact utility and underground construction machinery.

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