Toro (NYSE:TTC) Raised to Buy at Wall Street Zen

Toro (NYSE:TTC) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms have also recently commented on TTC. Weiss Ratings restated a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Robert W. Baird set a $84.00 price target on Toro in a report on Tuesday, December 16th. Finally, Zacks Research downgraded shares of Toro from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.20.

Toro Stock Up 0.0%

Toro stock opened at $89.59 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87. Toro has a one year low of $62.34 and a one year high of $90.19. The company has a 50-day simple moving average of $76.34 and a 200-day simple moving average of $76.24. The firm has a market capitalization of $8.77 billion, a P/E ratio of 28.26 and a beta of 0.82.

Toro (NYSE:TTC) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Toro had a net margin of 7.01% and a return on equity of 28.90%. Toro’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, equities analysts expect that Toro will post 4.41 earnings per share for the current year.

Hedge Funds Weigh In On Toro

Several hedge funds have recently made changes to their positions in TTC. KLP Kapitalforvaltning AS increased its holdings in shares of Toro by 0.6% in the third quarter. KLP Kapitalforvaltning AS now owns 32,900 shares of the company’s stock valued at $2,507,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Toro by 8.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after buying an additional 237 shares during the period. Wesbanco Bank Inc. boosted its holdings in shares of Toro by 4.3% during the 3rd quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock worth $740,000 after buying an additional 400 shares during the period. Willis Investment Counsel grew its stake in Toro by 3.0% in the 3rd quarter. Willis Investment Counsel now owns 17,653 shares of the company’s stock valued at $1,345,000 after buying an additional 508 shares during the last quarter. Finally, Davis Capital Management bought a new position in Toro in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

Toro Company Profile

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.