Toro Company (The) (NYSE:TTC) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Toro Company (NYSE:TTC) has received a consensus rating of "Moderate Buy" from six research firms, with an average 12-month target price set at $89.60.
• Recent insider activity includes Director Gary Lee Ellis selling 5,038 shares at an average price of $70.81, leading to a 12.88% decrease in his position.
• The company reported earnings per share of $1.42 for the last quarter, exceeding analysts' expectations, but revenues decreased by 2.3% year-over-year.

Toro Company (The) (NYSE:TTC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $89.60.

A number of research firms have recently weighed in on TTC. Raymond James Financial lowered their price target on Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, June 6th. Northland Capmk downgraded Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Robert W. Baird lifted their price objective on shares of Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. Northland Securities reiterated a "market perform" rating and set a $80.00 target price (down from $100.00) on shares of Toro in a research report on Friday, June 6th. Finally, DA Davidson raised shares of Toro from a "neutral" rating to a "buy" rating and upped their price target for the stock from $76.00 to $93.00 in a research report on Monday.

Insider Activity at Toro

In other Toro news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total value of $425,940.00. Following the transaction, the vice president owned 11,646 shares in the company, valued at $826,749.54. The trade was a 34.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Lee Ellis sold 5,038 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $70.81, for a total value of $356,740.78. Following the sale, the director owned 34,062 shares of the company's stock, valued at approximately $2,411,930.22. This trade represents a 12.88% decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is owned by company insiders.

Institutional Investors Weigh In On Toro

Hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its stake in Toro by 1.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock worth $1,033,000 after buying an additional 173 shares during the last quarter. True Wealth Design LLC grew its stake in shares of Toro by 127.2% in the fourth quarter. True Wealth Design LLC now owns 368 shares of the company's stock worth $29,000 after purchasing an additional 206 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Toro by 5.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,396 shares of the company's stock worth $352,000 after purchasing an additional 220 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in shares of Toro by 9.1% in the first quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock worth $209,000 after purchasing an additional 240 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of Toro by 94.1% in the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 87.95% of the company's stock.

Toro Price Performance

Shares of TTC stock traded down $0.98 during trading hours on Wednesday, hitting $81.02. 1,130,950 shares of the company's stock were exchanged, compared to its average volume of 712,128. The firm has a 50 day moving average of $75.05 and a two-hundred day moving average of $73.64. Toro has a fifty-two week low of $62.34 and a fifty-two week high of $93.00. The company has a quick ratio of 0.79, a current ratio of 1.81 and a debt-to-equity ratio of 0.73. The firm has a market cap of $8.00 billion, a P/E ratio of 20.77 and a beta of 0.80.

Toro (NYSE:TTC - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.40 by $0.02. Toro had a return on equity of 27.99% and a net margin of 8.77%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company earned $1.40 EPS. The firm's revenue was down 2.3% compared to the same quarter last year. Toro has set its FY 2025 guidance at 4.150-4.300 EPS. Sell-side analysts forecast that Toro will post 4.41 EPS for the current year.

About Toro

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.