Toro Company (The) (NYSE:TTC) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Toro Company (The) (NYSE:TTC - Get Free Report) have been given a consensus recommendation of "Hold" by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $92.60.

TTC has been the subject of several analyst reports. Longbow Research upgraded shares of Toro from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Monday, August 25th. Robert W. Baird raised their price target on shares of Toro from $82.00 to $86.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Weiss Ratings restated a "hold (c-)" rating on shares of Toro in a report on Wednesday, October 8th. Northland Securities raised their price target on shares of Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a report on Tuesday, September 9th. Finally, DA Davidson lifted their price objective on shares of Toro from $93.00 to $97.00 and gave the company a "buy" rating in a research note on Friday, September 5th.

Institutional Trading of Toro

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Toro by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 10,495,037 shares of the company's stock valued at $763,514,000 after acquiring an additional 169,865 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Toro by 16.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,187,609 shares of the company's stock valued at $595,649,000 after acquiring an additional 1,156,314 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Toro by 1,184.6% in the 1st quarter. AQR Capital Management LLC now owns 1,963,253 shares of the company's stock valued at $142,827,000 after acquiring an additional 1,810,429 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Toro by 39.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,534,760 shares of the company's stock valued at $111,654,000 after acquiring an additional 434,257 shares in the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Toro by 3.2% in the 1st quarter. King Luther Capital Management Corp now owns 1,077,753 shares of the company's stock valued at $78,407,000 after acquiring an additional 33,920 shares in the last quarter. Institutional investors own 87.95% of the company's stock.

Toro Stock Down 0.4%

Toro stock opened at $74.32 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.79 and a current ratio of 1.88. Toro has a 52-week low of $62.34 and a 52-week high of $89.50. The firm has a 50 day moving average price of $77.74 and a two-hundred day moving average price of $73.84. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 22.52 and a beta of 0.85.

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

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be paid a $0.38 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $1.52 annualized dividend and a dividend yield of 2.0%. Toro's payout ratio is currently 46.06%.

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.

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