Toro (NYSE:TTC) Downgraded by Northland Capmk to "Hold"

Toro (NYSE:TTC - Get Free Report) was downgraded by stock analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Friday,Zacks.com reports. Northland Capmk also issued estimates for Toro's Q3 2025 earnings at $1.21 EPS, FY2025 earnings at $4.23 EPS, Q3 2026 earnings at $1.17 EPS and Q4 2026 earnings at $1.03 EPS.

Several other equities research analysts also recently issued reports on the company. Robert W. Baird raised their price target on Toro from $84.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday. Northland Securities reaffirmed a "market perform" rating and issued a $80.00 price target (down from $100.00) on shares of Toro in a research report on Friday. Wall Street Zen downgraded Toro from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Raymond James reduced their target price on shares of Toro from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday. Finally, DA Davidson reduced their target price on shares of Toro from $86.00 to $80.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.75.

Toro Trading Down 6.6%

Toro stock opened at $68.43 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.81 and a quick ratio of 0.74. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 17.06 and a beta of 0.83. Toro has a one year low of $62.34 and a one year high of $100.93. The company's fifty day moving average price is $70.96 and its two-hundred day moving average price is $77.41.

Toro (NYSE:TTC - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. Toro had a return on equity of 27.25% and a net margin of 9.14%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.40 earnings per share. On average, analysts forecast that Toro will post 4.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toro

Several hedge funds have recently made changes to their positions in TTC. abrdn plc lifted its stake in Toro by 12.0% during the fourth quarter. abrdn plc now owns 3,220 shares of the company's stock worth $258,000 after purchasing an additional 346 shares during the period. Robertson Stephens Wealth Management LLC lifted its stake in Toro by 59.9% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 3,973 shares of the company's stock worth $320,000 after purchasing an additional 1,489 shares during the period. Bleakley Financial Group LLC lifted its stake in Toro by 36.1% during the fourth quarter. Bleakley Financial Group LLC now owns 10,052 shares of the company's stock worth $805,000 after purchasing an additional 2,664 shares during the period. Financial Advocates Investment Management lifted its stake in Toro by 35.5% during the fourth quarter. Financial Advocates Investment Management now owns 4,330 shares of the company's stock worth $347,000 after purchasing an additional 1,134 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in Toro by 27.7% during the fourth quarter. Apollon Wealth Management LLC now owns 9,900 shares of the company's stock worth $793,000 after purchasing an additional 2,150 shares during the period. Institutional investors own 87.95% of the company's stock.

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.

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