Toro - TTC Stock Forecast, Price & News

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

3 equities research analysts have issued twelve-month price targets for Toro's shares. 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 11.6% 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 2023. Since then, TTC shares have decreased by 2.7% and is now trading at $110.18.
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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 trading volume of 558,400 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.4% of the company's stock are short sold.
View Toro's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 9th 2023.
View our TTC earnings forecast.

Toro will be holding an earnings conference call on Thursday, March 9th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

The Toro Company (NYSE:TTC) issued its quarterly earnings data on Wednesday, December, 21st. The company reported $1.11 earnings per share for the quarter, hitting analysts' consensus estimates of $1.11. The business earned $1.17 billion during 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 company's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share.

Toro declared 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 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, December 27th. This is an increase 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 1.22%. 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 shares split before market open on Monday, September 19th 2016. The 2-1 split was announced on Thursday, August 18th 2016. The newly created 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 updated its FY 2023 earnings guidance on Wednesday, December, 21st. The company provided earnings per share guidance of $4.70-$4.90 for the period, compared to the consensus EPS 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 variety of retail and institutional investors. Top institutional investors include Nordea Investment Management AB (1.85%), ProShare Advisors LLC (0.33%), Boston Trust Walden Corp (0.27%), Swiss National Bank (0.24%), JLB & Associates Inc. (0.18%) and New York State Common Retirement Fund (0.16%). 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 $110.18.

Toro (NYSE:TTC) has a market capitalization of $11.46 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.