Toro (TTC) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toro in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TTC shares.
View TTC analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 1 year target prices for Toro's stock. Their TTC share price forecasts range from $94.00 to $133.00. On average, they anticipate the company's share price to reach $108.80 in the next twelve months. This suggests a possible upside of 32.3% from the stock's current price.
View analysts price targets for TTC or view top-rated stocks among Wall Street analysts.

Toro's stock was trading at $113.20 at the beginning of 2023. Since then, TTC stock has decreased by 27.4% and is now trading at $82.23.
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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.

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

Toro announced a quarterly dividend on Tuesday, September 19th. Stockholders 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 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Tuesday, October 3rd.
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), Profound Medical (PRN), VanEck Agribusiness ETF (MOO), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), WisdomTree U.S. Growth & Momentum Fund (WGRO) and iShares MSCI Agriculture Producers ETF (VEGI).

Toro (NYSE:TTC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.67%. 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 29.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TTC.

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

Toro issued an update on its FY23 earnings guidance on Thursday, September, 7th. The company provided EPS guidance of $4.05-4.10 for the period, compared to the consensus earnings per share estimate of $4.79.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "TTC."

Toro's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.87%), State Street Corp (3.22%), Kayne Anderson Rudnick Investment Management LLC (3.22%), Victory Capital Management Inc. (2.99%), JPMorgan Chase & Co. (2.52%) and Champlain Investment Partners LLC (2.40%). 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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One share of TTC stock can currently be purchased for approximately $82.23.

Toro (NYSE:TTC) has a market capitalization of $8.54 billion and generates $4.51 billion in revenue each year. The company earns $443.34 million in net income (profit) each year or $3.58 on an earnings per share basis.

The company employs 11,287 workers across the globe.

Toro's mailing address is 8111 Lyndale Avenue South, Bloomington MN, 55420. The official website for the company is www.thetorocompany.com. The company can be reached via phone at (952) 888-8801, via email at invest@thetorocompany.com, or via fax at 952-887-8258.