Toro (NYSE:TTC) Hits New 1-Year High – Should You Buy?

Toro Company (The) (NYSE:TTC) shares hit a new 52-week high during trading on Friday . The company traded as high as $101.74 and last traded at $100.8780, with a volume of 101284 shares trading hands. The stock had previously closed at $100.45.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TTC shares. Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Robert W. Baird set a $84.00 target price on Toro in a research note on Tuesday, December 16th. Raymond James Financial lowered Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Wall Street Zen raised Toro from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Toro currently has a consensus rating of “Hold” and an average target price of $92.20.

Toro Stock Performance

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 0.86. The stock’s 50-day moving average price is $87.83 and its 200-day moving average price is $79.62. The company has a market cap of $9.93 billion, a P/E ratio of 31.99 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, topping the consensus estimate of $0.86 by $0.05. Toro had a net margin of 7.01% and a return on equity of 28.90%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The business’s revenue was down .9% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. Equities analysts anticipate that Toro Company will post 4.41 EPS for the current year.

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.39 per share. This is a boost from Toro’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, December 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 1.5%. Toro’s dividend payout ratio is 49.21%.

Institutional Trading of Toro

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of Toro by 37.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after buying an additional 124,373 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its position in Toro by 425.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after purchasing an additional 52,457 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Toro by 14,306.0% during the third quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock worth $3,634,000 after purchasing an additional 47,353 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of Toro by 379.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after purchasing an additional 44,030 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Toro in the 4th quarter valued at $1,664,000. 87.95% of the stock is owned by institutional investors and hedge funds.

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.