Toro Company (The) (NYSE:TTC) Receives Consensus Rating of "Moderate Buy" from Analysts

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 recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat reports. Three equities research 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 brokerages that have issued ratings on the stock in the last year is $92.60.

A number of brokerages have recently issued reports on TTC. Northland Capmk lowered shares of Toro from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Northland Securities upped their target price on shares of Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 9th. DA Davidson upped their target price on shares of Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Longbow Research raised shares of 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. Finally, Robert W. Baird boosted their price target on shares of Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a research note on Friday, September 5th.

Insider Buying and Selling at Toro

In related news, VP Kurt D. Svendsen sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $70.99, for a total transaction of $425,940.00. Following the completion of the sale, the vice president directly owned 11,646 shares of the company's stock, valued at $826,749.54. The trade was a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.39% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Toro

A number of institutional investors and hedge funds have recently modified their holdings of TTC. Brooklyn Investment Group raised its stake in shares of Toro by 94.1% during the first quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after buying an additional 240 shares during the last quarter. Financial Harvest LLC bought a new stake in Toro in the first quarter valued at approximately $42,000. Allworth Financial LP increased its stake in Toro by 91.6% in the first quarter. Allworth Financial LP now owns 663 shares of the company's stock valued at $46,000 after purchasing an additional 317 shares in the last quarter. Versant Capital Management Inc increased its stake in Toro by 81.2% in the first quarter. Versant Capital Management Inc now owns 868 shares of the company's stock valued at $63,000 after purchasing an additional 389 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in Toro in the first quarter valued at approximately $82,000. 87.95% of the stock is owned by institutional investors.

Toro Price Performance

NYSE:TTC traded down $0.52 on Friday, reaching $76.92. The stock had a trading volume of 164,691 shares, compared to its average volume of 949,813. Toro has a 1-year low of $62.34 and a 1-year high of $89.50. The stock has a fifty day moving average price of $77.21 and a 200-day moving average price of $73.62. The company has a market capitalization of $7.53 billion, a P/E ratio of 23.31 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 1.88 and a debt-to-equity ratio of 0.72.

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