Toro - TTC Stock Forecast, Price & News

2 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 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TTC shares.
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2 brokerages have issued 12 month target prices for Toro's stock. Their TTC share price forecasts range from $94.00 to $94.00. On average, they predict the company's share price to reach $94.00 in the next twelve months. This suggests that the stock has a possible downside of 15.6%.
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Toro's stock was trading at $99.91 at the start of the year. Since then, TTC stock has increased by 11.5% and is now trading at $111.41.
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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) posted its quarterly earnings data on Thursday, September, 1st. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.06. The firm earned $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Toro had a trailing twelve-month return on equity of 32.35% and a net margin of 8.97%. The company's revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS.

Toro declared a quarterly dividend on Tuesday, September 20th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.30 per share on Tuesday, October 18th. This represents a $1.20 annualized dividend and a yield of 1.08%. 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 1.08%. 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.

Shares of Toro split on the morning of 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 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 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 many different retail and institutional investors. Top institutional shareholders 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 $111.41.

Toro (NYSE:TTC) has a market capitalization of $11.61 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.