Toro Company (The) (NYSE:TTC - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $100.40.
Several equities analysts have weighed in on the stock. Robert W. Baird lifted their price objective on shares of Toro from $100.00 to $105.00 and gave the stock a "neutral" rating in a research report on Friday, March 6th. Raymond James Financial cut shares of Toro from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 18th. DA Davidson lifted their price objective on shares of Toro from $97.00 to $117.00 and gave the stock a "buy" rating in a research report on Monday, March 9th. Zacks Research upgraded shares of Toro from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Toro from a "buy" rating to a "strong-buy" rating in a research report on Sunday, March 15th.
Check Out Our Latest Report on Toro
Insider Activity at Toro
In other Toro news, CEO Richard M. Olson sold 119,400 shares of Toro stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total transaction of $11,957,910.00. Following the transaction, the chief executive officer directly owned 38,186 shares in the company, valued at approximately $3,824,327.90. The trade was a 75.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Calvin O'rourke sold 4,951 shares of the business's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total transaction of $492,129.40. Following the transaction, the director owned 2,704 shares in the company, valued at approximately $268,777.60. This represents a 64.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.88% of the company's stock.
Hedge Funds Weigh In On Toro
Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in shares of Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company's stock valued at $33,237,000 after acquiring an additional 124,373 shares in the last quarter. Van ECK Associates Corp grew its holdings 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 in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Toro by 0.3% during the 4th quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company's stock valued at $9,889,000 after acquiring an additional 410 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in shares of Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company's stock valued at $5,100,000 after acquiring an additional 52,457 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company's stock valued at $4,379,000 after acquiring an additional 44,030 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.
Toro Trading Up 3.7%
Toro stock opened at $97.52 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 29.20 and a beta of 0.80. Toro has a 1 year low of $62.49 and a 1 year high of $105.18. The firm's 50 day moving average price is $96.63 and its two-hundred day moving average price is $83.88.
Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.09. Toro had a net margin of 7.28% and a return on equity of 29.60%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. On average, research analysts predict that Toro will post 4.41 EPS for the current fiscal year.
Toro Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 30th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, March 30th. Toro's payout ratio is presently 46.71%.
About Toro
(
Get Free Report)
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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