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NYSE:TTC

Toro - TTC Stock Forecast, Price & News

$89.45
+0.36 (+0.40%)
(As of 08/12/2022 11:12 AM ET)
Add
Compare
Today's Range
$89.13
$89.57
50-Day Range
$73.83
$89.09
52-Week Range
$71.86
$115.09
Volume
983 shs
Average Volume
298,223 shs
Market Capitalization
$9.35 billion
P/E Ratio
26.70
Dividend Yield
1.37%
Price Target
$89.50

Toro MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
0.5% Upside
$89.50 Price Target
Short Interest
Bearish
2.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.20mentions of Toro in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.86 M Sold Last Quarter
Proj. Earnings Growth
19.51%
From $4.10 to $4.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Consumer Discretionary Sector

217th out of 289 stocks

Lawn & Garden Equipment Industry

1st out of 1 stocks

TTC stock logo

About Toro (NYSE:TTC) Stock

The Toro Company engages in the designing, manufacturing, marketing, and selling professional and residential equipment worldwide. The company's 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; and snow and ice management equipment, such as snowplows, brush, snow thrower attachment, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders. It also provides irrigation and lighting products that consist of sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, coupling systems, and ag-irrigation drip tape and hose products, as well as professionally installed landscape lighting products offered through distributors and landscape contractors. This segment sells its products primarily through a network of distributors and dealers to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow and ice, as well as directly to government customers, rental companies, and retailers. Its Residential segment provides walk power mowers, zero-turn riding mowers, snow throwers, replacement parts, and home solution products that include grass and hedge trimmers, leaf blowers, blower-vacuums, chainsaws, string trimmers, hoses, and hose-end retail irrigation products. This segment sells its products to homeowners through a network of distributors and dealers; and home centers, hardware retailers, and mass retailers, as well as online. The Toro Company was founded in 1914 and is headquartered in Bloomington, Minnesota.

Wall Street Analysts Forecast Growth

TTC has been the subject of several recent research reports. Robert W. Baird lowered their price target on Toro from $108.00 to $94.00 and set a "neutral" rating for the company in a research note on Tuesday, May 31st. StockNews.com downgraded shares of Toro from a "buy" rating to a "hold" rating in a research report on Saturday, July 16th.

Toro Stock Up 1.4 %

NYSE:TTC traded up $1.23 during trading on Thursday, hitting $89.09. 308,138 shares of the company traded hands, compared to its average volume of 521,688. The company has a market capitalization of $9.32 billion, a P/E ratio of 26.59 and a beta of 0.77. The business has a fifty day simple moving average of $81.28 and a 200 day simple moving average of $85.03. Toro has a 12 month low of $71.86 and a 12 month high of $115.09. The company has a current ratio of 1.50, a quick ratio of 0.70 and a debt-to-equity ratio of 0.81.

Toro (NYSE:TTC - Get Rating) last issued its quarterly earnings data on Thursday, June 2nd. The company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.04). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.27 billion. Toro had a net margin of 8.67% and a return on equity of 30.52%. The firm's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. As a group, sell-side analysts predict that Toro will post 4.1 EPS for the current year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 13th. Investors of record on Wednesday, June 22nd were issued a $0.30 dividend. The ex-dividend date was Tuesday, June 21st. This represents a $1.20 annualized dividend and a yield of 1.35%. Toro's dividend payout ratio (DPR) is presently 35.82%.

Insiders Place Their Bets

In other news, Director Janet Katherine Cooper sold 5,192 shares of the firm's stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $86.58, for a total value of $449,523.36. Following the sale, the director now directly owns 717 shares of the company's stock, valued at $62,077.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Janet Katherine Cooper sold 5,192 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $86.58, for a total transaction of $449,523.36. Following the completion of the transaction, the director now directly owns 717 shares in the company, valued at $62,077.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Daryn A. Walters sold 1,670 shares of the firm's stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $76.68, for a total transaction of $128,055.60. Following the completion of the sale, the vice president now owns 1,415 shares in the company, valued at approximately $108,502.20. The disclosure for this sale can be found here. Insiders sold a total of 23,462 shares of company stock valued at $1,856,537 in the last quarter. Insiders own 2.10% of the company's stock.

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TTC Stock News Headlines

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Toro 2Q Profit Falls as Costs Rise - MarketWatch
See More Headlines
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TTC Company Calendar

Last Earnings
6/02/2022
Ex-Dividend for 7/13 Dividend
6/21/2022
Dividend Payable
7/13/2022
Today
8/12/2022
Next Earnings (Confirmed)
9/01/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Lawn & garden equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
89109210
Employees
9,520
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$89.50
High Stock Price Forecast
$94.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+0.1%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$409.88 million
Pretax Margin
10.65%

Debt

Sales & Book Value

Annual Sales
$3.96 billion
Cash Flow
$4.71 per share
Book Value
$10.81 per share

Miscellaneous

Free Float
102,375,000
Market Cap
$9.35 billion
Optionable
Optionable
Beta
0.77














TTC Stock - Frequently Asked Questions

Should I buy or sell Toro stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toro in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street 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.
View TTC analyst ratings
or view top-rated stocks.

What is Toro's stock price forecast for 2022?

2 brokerages have issued 12-month target prices for Toro's shares. Their TTC share price forecasts range from $85.00 to $94.00. On average, they predict the company's stock price to reach $89.50 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
View analysts price targets for TTC
or view top-rated stocks among Wall Street analysts.

How have TTC shares performed in 2022?

Toro's stock was trading at $99.91 at the beginning of 2022. Since then, TTC shares have decreased by 10.8% and is now trading at $89.09.
View the best growth stocks for 2022 here
.

When is Toro's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our TTC earnings forecast
.

How can I listen to Toro's earnings call?

Toro will be holding an earnings conference call on Thursday, September 1st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Toro's earnings last quarter?

The Toro Company (NYSE:TTC) posted its quarterly earnings data on Thursday, June, 2nd. The company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. Toro had a trailing twelve-month return on equity of 30.52% and a net margin of 8.67%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $1.29 earnings per share.

How often does Toro pay dividends? What is the dividend yield for Toro?

Toro announced a quarterly dividend on Tuesday, May 17th. Shareholders of record on Wednesday, June 22nd will be paid a dividend of $0.30 per share on Wednesday, July 13th. This represents a $1.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, June 21st.
Read our dividend analysis for TTC
.

Is Toro a good dividend stock?

Toro (NYSE:TTC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.37%. 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 35.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TTC will have a dividend payout ratio of 24.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TTC.

When did Toro's stock split?

Toro shares split on Monday, September 19th 2016. The 2-1 split was announced on Thursday, August 18th 2016. The newly created 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.

What guidance has Toro issued on next quarter's earnings?

Toro issued an update on its FY 2022 earnings guidance on Thursday, June, 30th. The company provided earnings per share guidance of $4.00-$4.15 for the period, compared to the consensus earnings per share estimate of $4.01. The company issued revenue guidance of $4.51 billion-$4.59 billion, compared to the consensus revenue estimate of $4.44 billion.

What is Richard M. Olson's approval rating as Toro's CEO?

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.

What other stocks do shareholders of Toro own?

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).

What is Toro's stock symbol?

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

Who are Toro's major shareholders?

Toro's stock is owned by a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (4.02%), JPMorgan Chase & Co. (3.09%), Pictet Asset Management SA (1.85%), King Luther Capital Management Corp (0.97%), US Bancorp DE (0.82%) and KBC Group NV (0.42%). Insiders that own company stock include Amy E Dahl, Blake M Grams, Blake M Grams, Bradley A Hamilton, Darren L Redetzke, 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.
View institutional ownership trends
.

How do I buy shares of Toro?

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.
Compare Top Brokerages Here.

What is Toro's stock price today?

One share of TTC stock can currently be purchased for approximately $89.09.

How much money does Toro make?

Toro (NYSE:TTC) has a market capitalization of $9.32 billion and generates $3.96 billion in revenue each year. The company earns $409.88 million in net income (profit) each year or $3.35 on an earnings per share basis.

How many employees does Toro have?

The company employs 9,520 workers across the globe.

How can I contact Toro?

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.

This page (NYSE:TTC) was last updated on 8/12/2022 by MarketBeat.com Staff

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