Toro (TTC) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toro in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TTC shares.
View TTC analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 1 year price objectives for Toro's shares. Their TTC share price forecasts range from $110.00 to $133.00. On average, they predict the company's stock price to reach $122.25 in the next twelve months. This suggests a possible upside of 26.0% 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 shares have decreased by 14.3% and is now trading at $97.03.
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Toro saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,690,000 shares, an increase of 22.5% from the April 30th total of 1,380,000 shares. Based on an average daily trading volume, of 564,000 shares, the short-interest ratio is currently 3.0 days. Approximately 1.6% of the company's stock are sold short.
View Toro's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 8th 2023.
View our TTC earnings forecast.

The Toro Company (NYSE:TTC) announced its earnings results on Thursday, June, 8th. The company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.06. The business earned $1.34 billion during the quarter, compared to the consensus estimate of $1.44 billion. Toro had a trailing twelve-month return on equity of 36.04% and a net margin of 10.16%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.25 EPS.

Toro declared a quarterly dividend on Tuesday, May 23rd. Shareholders of record on Wednesday, June 21st will be given a dividend of $0.34 per share on Wednesday, July 12th. This represents a $1.36 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Tuesday, June 20th.
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), VictoryShares THB Mid Cap ESG ETF (MDCP), Profound Medical (PRN), VanEck Agribusiness ETF (MOO), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), SRH U.S. Quality ETF (SRHQ), Invesco S&P MidCap Quality ETF (XMHQ) and WisdomTree U.S. Growth & Momentum Fund (WGRO).

Toro (NYSE:TTC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.35%. 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 29.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TTC will have a dividend payout ratio of 25.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TTC.

Toro shares split before market open on Monday, September 19th 2016. The 2-1 split was announced on Thursday, August 18th 2016. The newly created shares were distributed 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 updated its FY 2023 earnings guidance on Thursday, June, 8th. The company provided earnings per share guidance of $4.70-$4.80 for the period, compared to the consensus earnings per share estimate of $4.85. The company issued revenue guidance of $4.83 billion-$4.88 billion, compared to the consensus revenue estimate of $4.99 billion.

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.81%), Select Equity Group L.P. (5.34%), Price T Rowe Associates Inc. MD (5.06%), Kayne Anderson Rudnick Investment Management LLC (3.26%), JPMorgan Chase & Co. (3.24%) and State Street Corp (3.20%). Insiders that own company stock include Amy E Dahl, Angela C Drake, Blake M Grams, Blake M Grams, Bradley A Hamilton, Darren L Redetzke, Daryn A Walters, Daryn A Walters, Gary Lee Ellis, Gregg W Steinhafel, Gregory S Janey, James Calvin O'rourke, Janet Katherine Cooper, Jeffrey M Ettinger, Jody M Christy, Katherine J Harless, Kurt D Svendsen, 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 $97.03.

Toro (NYSE:TTC) has a market capitalization of $10.12 billion and generates $4.73 billion in revenue each year. The company earns $443.34 million in net income (profit) each year or $4.56 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.