Weiss Ratings Reaffirms "Hold (C-)" Rating for Toro (NYSE:TTC)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C-)" rating for Toro (NYSE:TTC) in a recent research report.
• According to multiple analysts, Tule a consensus target price for Toro is now set at $92.60, with ratings varying from "Buy" to "Hold."
• Toro reported earnings of $1.24 per share, surpassing estimates, but its revenue fell 2.2% year-over-year to $1.13 billion.

Toro (NYSE:TTC - Get Free Report)'s stock had its "hold (c-)" rating restated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. Robert W. Baird increased their price target on shares of Toro from $82.00 to $86.00 and gave the stock a "neutral" 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 target price for the company in a research note on Monday, August 25th. Northland Securities lifted their target price on shares of Toro from $80.00 to $90.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 9th. Finally, DA Davidson lifted their target price on shares of Toro from $93.00 to $97.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $92.60.

Toro Stock Performance

Shares of TTC stock traded down $0.12 on Wednesday, reaching $76.96. The stock had a trading volume of 838,723 shares, compared to its average volume of 931,095. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 23.32 and a beta of 0.85. 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 has a 12 month low of $62.34 and a 12 month high of $89.50. The firm's 50-day moving average is $77.70 and its two-hundred day moving average is $73.84.

Toro (NYSE:TTC - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $1.24 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the firm earned $1.18 EPS. The business's revenue was down 2.2% on a year-over-year basis. Toro has set its FY 2025 guidance at 4.150-4.150 EPS. On average, research analysts expect that Toro will post 4.41 EPS for the current fiscal year.

Institutional Trading of Toro

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position in shares of Toro by 1.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company's stock valued at $1,033,000 after purchasing an additional 173 shares during the period. GAMMA Investing LLC increased its holdings in Toro by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,155 shares of the company's stock worth $240,000 after acquiring an additional 237 shares during the period. Cornerstone Wealth Management LLC increased its holdings in Toro by 9.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 2,866 shares of the company's stock worth $209,000 after acquiring an additional 240 shares during the period. Brooklyn Investment Group increased its holdings in Toro by 94.1% during the 1st quarter. Brooklyn Investment Group now owns 495 shares of the company's stock worth $36,000 after acquiring an additional 240 shares during the period. Finally, Values First Advisors Inc. increased its holdings in Toro by 1.2% during the 1st quarter. Values First Advisors Inc. now owns 20,312 shares of the company's stock worth $1,479,000 after acquiring an additional 242 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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