Toro Stock Price, News & Analysis (NYSE:TTC)

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toro in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TTC, but not buy additional shares or sell existing shares.
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5 equities research analysts have issued 1-year price objectives for Toro's stock. Their TTC share price targets range from $87.00 to $133.00. On average, they predict the company's share price to reach $102.80 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price.
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Toro's stock was trading at $113.20 on January 1st, 2023. Since then, TTC shares have decreased by 25.6% and is now trading at $84.23.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 20th 2023.
View our TTC earnings forecast.

Toro will be holding an earnings conference call on Wednesday, December 20th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Toro Company (NYSE:TTC) posted its quarterly earnings data on Thursday, September, 7th. The company reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $1.23 by $0.28. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.22 billion. Toro had a trailing twelve-month return on equity of 33.37% and a net margin of 7.95%. Toro's quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share.

Toro declared a quarterly dividend on Tuesday, September 19th. Investors of record on Wednesday, October 4th will be given a dividend of $0.34 per share on Wednesday, October 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, October 3rd.
Read our dividend analysis for TTC.

Toro (NYSE:TTC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.62%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TTC will have a dividend payout ratio of 31.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TTC.

ETFs with the largest weight of Toro (NYSE:TTC) stock in their portfolio include Invesco Water Resources ETF (PHO), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), VictoryShares THB Mid Cap ESG ETF (MDCP), VanEck Agribusiness ETF (MOO), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), WisdomTree U.S. Growth & Momentum Fund (WGRO), iShares MSCI Agriculture Producers ETF (VEGI) and First Trust Indxx Global Agriculture ETF (FTAG).

Toro shares split on Monday, September 19th 2016. The 2-1 split was announced on Thursday, August 18th 2016. The newly issued shares were payable to shareholders after the market closes on Friday, September 16th 2016. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

35 employees have rated Toro Chief Executive Officer Richard M. Olson on Glassdoor.com. Richard M. Olson has an approval rating of 95% among the company's employees. This puts Richard M. Olson in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Toro investors own include Visa (V), Walt Disney (DIS), Johnson & Johnson (JNJ), NIKE (NKE), UnitedHealth Group (UNH), Alibaba Group (BABA), Sherwin-Williams (SHW), Medtronic (MDT), Starbucks (SBUX) and TJX Companies (TJX).

Toro's stock is owned by a number of retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (4.03%), Victory Capital Management Inc. (2.99%), JPMorgan Chase & Co. (2.58%), Nordea Investment Management AB (1.59%), Bank of New York Mellon Corp (1.28%) and Invesco Ltd. (1.16%). Insiders that own company stock include Amy E Dahl, Angela C Drake, Blake M Grams, Blake M Grams, Bradley A Hamilton, Daryn A Walters, Daryn A Walters, Edric C Funk, Gary Lee Ellis, Gregg W Steinhafel, Gregory S Janey, James Calvin O'rourke, Janet Katherine Cooper, Jody M Christy, Katherine J Harless, Kevin N Carpenter, Kurt D Svendsen, Peter D Moeller, Renee J Peterson, Richard M Olson and Richard W Rodier.
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Shares of TTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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