Toro Company (The) (NYSE:TTC) Receives Average Rating of "Hold" from Brokerages

Key Points

• Toro Company has a consensus analyst rating of Hold, with five analysts rating it hold and two rating it buy. The average 1-year price target is $100.40.
• The company reported better-than-expected quarterly results, earning $0.74 per share versus estimates of $0.65 on revenue of $1.04 billion, while revenue rose 4.2% year over year.
• Recent activity included insider selling by CEO Richard M. Olson and Director James Calvin O'Rourke, while the board also declared a quarterly dividend of $0.39 per share payable on July 10.

Toro Company (The) (NYSE:TTC - Get Free Report) has earned a consensus rating of "Hold" from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $100.40.

A number of research firms have weighed in on TTC. DA Davidson boosted their target price on shares of Toro from $97.00 to $117.00 and gave the company a "buy" rating in a research note on Monday, March 9th. Raymond James Financial cut shares of Toro from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 18th. Robert W. Baird boosted their target price on shares of Toro from $100.00 to $105.00 and gave the company a "neutral" rating in a research note on Friday, March 6th. Wall Street Zen upgraded shares of Toro from a "buy" rating to a "strong-buy" rating in a research note on Sunday, March 15th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Toro in a research note on Friday, April 17th.

Insider Activity at Toro

In other news, CEO Richard M. Olson sold 119,400 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total value of $11,957,910.00. Following the sale, the chief executive officer owned 38,186 shares of the company's stock, valued at $3,824,327.90. The trade was a 75.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Calvin O'rourke sold 4,951 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director directly owned 2,704 shares in the company, valued at approximately $268,777.60. This trade represents a 64.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.88% of the company's stock.

Institutional Trading of Toro

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rothschild Investment LLC grew its stake in shares of Toro by 6.0% in the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company's stock worth $284,000 after acquiring an additional 203 shares during the period. Essential Partners LLC grew 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 acquiring an additional 233 shares during the period. GAMMA Investing LLC grew its stake in shares of Toro by 10.2% in the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the company's stock worth $274,000 after acquiring an additional 321 shares during the period. Wesbanco Bank Inc. grew its stake in shares of Toro by 4.3% in the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company's stock worth $740,000 after acquiring an additional 400 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company's stock worth $9,889,000 after acquiring an additional 410 shares during the period. Institutional investors own 87.95% of the company's stock.

Toro Stock Down 1.4%

Toro stock opened at $90.30 on Friday. Toro has a fifty-two week low of $67.04 and a fifty-two week high of $105.18. The stock has a market cap of $8.75 billion, a PE ratio of 27.03 and a beta of 0.73. The firm's 50-day simple moving average is $93.51 and its 200 day simple moving average is $88.31. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69.

Toro (NYSE:TTC - Get Free Report) last released its earnings results on Thursday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.09. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1 billion. Toro had a net margin of 7.28% and a return on equity of 29.60%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts predict that Toro will post 4.52 EPS for the current fiscal year.

Toro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. Toro's payout ratio is 46.71%.

About Toro

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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