Analysts Set Toro Company (The) (NYSE:TTC) PT at $89.60

Key Points

• Toro Company (NYSE:TTC) received a consensus rating of "Moderate Buy" from six brokerages, with three holding and three buying recommendations.
• The current average 1-year price target for Toro shares among analysts is $89.60, reflecting a positive outlook despite recent rating adjustments by some firms.
• In its latest quarterly earnings, Toro reported $1.42 earnings per share, surpassing expectations, but experienced a 2.3% decline in revenue compared to the same quarter last year.

Toro Company (The) (NYSE:TTC - Get Free Report) has received an average recommendation of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $89.60.

TTC has been the subject of several research reports. Northland Capmk cut Toro from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Robert W. Baird upped their target price on Toro from $84.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, June 3rd. Raymond James Financial cut their price objective on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, June 6th. Longbow Research raised Toro from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research report on Monday. Finally, Northland Securities restated a "market perform" rating and set a $80.00 target price (down from $100.00) on shares of Toro in a research note on Friday, June 6th.

Toro Trading Down 1.2%

Shares of NYSE:TTC traded down $0.98 during midday trading on Wednesday, reaching $81.02. The company had a trading volume of 1,130,950 shares, compared to its average volume of 712,128. The company has a fifty day simple moving average of $75.05 and a two-hundred day simple moving average of $73.64. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 20.77 and a beta of 0.80. Toro has a 1-year low of $62.34 and a 1-year high of $93.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 1.81.

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

Insiders Place Their Bets

In other news, VP Kurt D. Svendsen sold 6,000 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $70.99, for a total value of $425,940.00. Following the completion of the transaction, the vice president directly owned 11,646 shares in the company, valued at approximately $826,749.54. This represents a 34.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary Lee Ellis sold 5,038 shares of the stock in a transaction 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 completion of the sale, the director owned 34,062 shares of the company's stock, valued at $2,411,930.22. The trade was a 12.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Toro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Toro by 597.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,095 shares of the company's stock valued at $289,000 after acquiring an additional 3,508 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Toro by 17.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 112,835 shares of the company's stock valued at $7,975,000 after buying an additional 16,854 shares in the last quarter. Willis Investment Counsel lifted its position in shares of Toro by 93.9% during the second quarter. Willis Investment Counsel now owns 17,145 shares of the company's stock worth $1,212,000 after acquiring an additional 8,302 shares in the last quarter. MTM Investment Management LLC purchased a new stake in shares of Toro during the second quarter worth $85,000. Finally, SG Americas Securities LLC increased its holdings in shares of Toro by 124.1% in the second quarter. SG Americas Securities LLC now owns 7,154 shares of the company's stock worth $506,000 after purchasing an additional 3,962 shares during the period. 87.95% of the stock is owned by institutional investors.

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.