Toro Company (The) (NYSE:TTC) Receives $92.60 Average PT from Brokerages

Key Points

• Toro Company (NYSE:TTC) has received a consensus rating of “Moderate Buy” from six brokerages, with three holding the stock and three issuing buy ratings.
• The average target price among brokerages covering Toro is $92.60, while different firms have set varying target prices ranging from $90.00 to $100.00.
• Toro's latest earnings report indicated a net margin of 7.37%, with a revenue of $1.13 billion, down 2.2% year-over-year.

Shares of Toro Company (The) (NYSE:TTC - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $92.60.

A number of equities research analysts have recently issued reports on the company. Northland Securities upped their price objective on Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 9th. DA Davidson increased their price target on Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Robert W. Baird upped their price objective on Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Longbow Research upgraded Toro from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research note on Monday, August 25th.

Insider Activity at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of Toro stock in a transaction that occurred 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 sale, the vice president owned 11,646 shares of the company's stock, valued at approximately $826,749.54. The trade was a 34.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in Toro by 94.1% in the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after purchasing an additional 240 shares during the period. Financial Harvest LLC purchased a new stake in Toro in the 1st quarter worth $42,000. Allworth Financial LP increased its position in shares of Toro by 91.6% during the 1st quarter. Allworth Financial LP now owns 663 shares of the company's stock valued at $46,000 after purchasing an additional 317 shares during the last quarter. Versant Capital Management Inc increased its position in Toro by 81.2% during the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after acquiring an additional 389 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in Toro during the 1st quarter valued at about $82,000. Institutional investors own 87.95% of the company's stock.

Toro Stock Down 2.3%

Toro stock traded down $1.81 during mid-day trading on Friday, hitting $78.13. The company's stock had a trading volume of 1,254,458 shares, compared to its average volume of 917,091. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.88 and a quick ratio of 0.79. The company has a market cap of $7.65 billion, a PE ratio of 23.68 and a beta of 0.80. The firm's 50 day moving average is $77.13 and its 200 day moving average is $73.59. Toro has a 52-week low of $62.34 and a 52-week high of $89.50.

Toro (NYSE:TTC - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.22 by $0.02. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.16 billion. Toro had a return on equity of 28.98% and a net margin of 7.37%.Toro's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, analysts anticipate that Toro will post 4.41 earnings per share for the current year.

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.