Toro - TTC Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toro in the last year. There are currently 1 hold rating and 1 buy rating 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.

2 brokers have issued 1-year price objectives for Toro's stock. Their TTC share price forecasts range from $94.00 to $94.00. On average, they predict the company's stock price to reach $94.00 in the next twelve months. This suggests that the stock has a possible downside of 14.3%.
View analysts price targets for TTC or view top-rated stocks among Wall Street analysts.

Toro's stock was trading at $99.91 at the start of the year. Since then, TTC shares have increased by 9.8% and is now trading at $109.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 21st 2022.
View our TTC earnings forecast.

Toro will be holding an earnings conference call on Wednesday, December 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Toro Company (NYSE:TTC) announced its earnings results on Thursday, September, 1st. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.06. The business earned $1.16 billion during the quarter, compared to analysts' expectations of $1.17 billion. Toro had a trailing twelve-month return on equity of 32.35% and a net margin of 8.97%. Toro's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS.

Toro declared a quarterly dividend on Tuesday, September 20th. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.30 per share on Tuesday, October 18th. This represents a $1.20 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, October 4th.
Read our dividend analysis for TTC.

Toro (NYSE:TTC) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.10%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TTC will have a dividend payout ratio of 24.00% 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 on Monday, September 19th 2016. The 2-1 split was announced on Thursday, August 18th 2016. The newly minted shares were distributed 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.

Toro issued an update on its FY 2022 earnings guidance on Thursday, September, 29th. The company provided EPS guidance of $4.07-$4.17 for the period, compared to the consensus earnings per share estimate of $4.10. The company issued revenue guidance of $4.51 billion-$4.51 billion, compared to the consensus revenue estimate of $4.50 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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.91%), BlackRock Inc. (8.68%), Victory Capital Management Inc. (4.25%), Price T Rowe Associates Inc. MD (3.76%), Kayne Anderson Rudnick Investment Management LLC (3.23%) and State Street Corp (2.76%). 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, 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 $109.74.

Toro (NYSE:TTC) has a market capitalization of $11.44 billion and generates $3.96 billion in revenue each year. The company earns $409.88 million in net income (profit) each year or $3.65 on an earnings per share basis.

The company employs 9,520 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.