Toro - TTC Stock Forecast, Price & News

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

3 equities research analysts have issued 1 year price objectives for Toro's stock. Their TTC share price forecasts range from $116.00 to $130.00. On average, they anticipate the company's share price to reach $123.00 in the next year. This suggests a possible upside of 14.2% 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 the year. Since then, TTC shares have decreased by 4.8% and is now trading at $107.73.
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Toro saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,440,000 shares, an increase of 15.2% from the February 13th total of 1,250,000 shares. Based on an average trading volume of 706,300 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.4% 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 1st 2023.
View our TTC earnings forecast.

The Toro Company (NYSE:TTC) issued its quarterly earnings data on Thursday, March, 9th. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Toro had a net margin of 10.16% and a trailing twelve-month return on equity of 36.04%. The business's quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share.

Toro announced a quarterly dividend on Tuesday, March 21st. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.34 per share on Wednesday, April 19th. This represents a $1.36 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, April 5th.
Read our dividend analysis for TTC.

ETFs with the largest weight of Toro (NYSE:TTC) stock in their portfolio include VictoryShares THB Mid Cap ESG ETF (MDCP), Invesco Water Resources ETF (PHO), Invesco DWA Industrials Momentum ETF (PRN), VanEck Agribusiness ETF (MOO), SRH U.S. Quality ETF (SRHQ), Invesco S&P MidCap Quality ETF (XMHQ), iShares MSCI Agriculture Producers ETF (VEGI) and ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL).

Toro (NYSE:TTC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.26%. 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 24.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TTC.

Toro's stock split on Monday, September 19th 2016. The 2-1 split was announced on Thursday, August 18th 2016. The newly issued shares were payable 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 FY23 earnings guidance on Thursday, March, 9th. The company provided EPS guidance of $4.70-$4.90 for the period, compared to the consensus EPS estimate of $4.90. The company issued revenue guidance of $4.83-$4.97 billion, compared to the consensus revenue estimate of $4.97 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 Select Equity Group L.P. (5.58%), Price T Rowe Associates Inc. MD (4.84%), JPMorgan Chase & Co. (3.80%), Victory Capital Management Inc. (3.60%), Victory Capital Management Inc. (3.58%) and Neuberger Berman Group LLC (2.25%). 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 $107.73.

Toro (NYSE:TTC) has a market capitalization of $11.24 billion and generates $4.51 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.