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 Wall Street 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 twelve months. This suggests a possible upside of 12.0% 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 on January 1st, 2023. Since then, TTC shares have decreased by 3.0% and is now trading at $109.78.
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Toro saw a drop in short interest in December. As of December 30th, there was short interest totaling 1,440,000 shares, a drop of 22.2% from the December 15th total of 1,850,000 shares. Based on an average daily trading volume, of 558,400 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.4% of the shares of the company are sold short.
View Toro's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our TTC earnings forecast.

The Toro Company (NYSE:TTC) released its quarterly earnings data on Wednesday, December, 21st. The company reported $1.11 earnings per share for the quarter, meeting analysts' consensus estimates of $1.11. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.18 billion. Toro had a net margin of 9.82% and a trailing twelve-month return on equity of 35.67%. The business's revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share.

Toro announced a quarterly dividend on Tuesday, December 13th. Shareholders of record on Wednesday, December 28th will be given a dividend of $0.34 per share on Wednesday, January 11th. This represents a $1.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, December 27th. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for TTC.

Toro (NYSE:TTC) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.24%. 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 32.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TTC will have a dividend payout ratio of 23.86% 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 the morning of Monday, September 19th 2016. The 2-1 split was announced on Thursday, August 18th 2016. The newly minted 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 FY 2023 earnings guidance on Wednesday, December, 21st. The company provided EPS guidance of $4.70-$4.90 for the period, compared to the consensus estimate of $4.97. The company issued revenue guidance of $4.83 billion-$4.97 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 Boston Trust Walden Corp (0.27%), JLB & Associates Inc. (0.18%), Ceredex Value Advisors LLC (0.15%), Rockland Trust Co. (0.12%), New York State Teachers Retirement System (0.12%) and Yousif Capital Management LLC (0.05%). 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.
View institutional ownership trends.

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 $109.78.

Toro (NYSE:TTC) has a market capitalization of $11.42 billion and generates $4.51 billion in revenue each year. The company earns $443.34 million in net income (profit) each year or $4.21 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.