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

Wall Street Zen downgraded shares of Toro (NYSE:TTC) from a strong-buy rating to a buy rating in a research note published on Sunday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings upgraded Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. DA Davidson lowered their price objective on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Finally, Oppenheimer began coverage on Toro in a report on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $111.67.

Toro Trading Down 0.0%

Shares of NYSE:TTC opened at $98.92 on Friday. Toro has a 12-month low of $67.64 and a 12-month high of $105.18. The stock has a market cap of $9.36 billion, a PE ratio of 26.45, a P/E/G ratio of 2.13 and a beta of 0.66. The business has a 50 day moving average of $96.45 and a 200-day moving average of $94.44. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

Toro (NYSE:TTC) last announced its earnings results on Thursday, September 3rd. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company earned $1.24 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, equities research analysts forecast that Toro will post 4.64 earnings per share for the current year.

Toro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. Toro’s dividend payout ratio (DPR) is 41.71%.

Hedge Funds Weigh In On Toro

Institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new stake in shares of Toro during the first quarter valued at about $39,000. Security National Bank of SO Dak bought a new position in Toro in the 2nd quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. raised its holdings in Toro by 237.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock valued at $75,000 after buying an additional 541 shares during the last quarter. Root Financial Partners LLC boosted its position in Toro by 277.8% during the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after buying an additional 714 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new stake in Toro during the 1st quarter worth approximately $209,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

About Toro

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and systems used to maintain landscapes, turf and outdoor environments. Its products serve professional contractors, golf courses, sports fields, municipalities, rental companies, construction and utility operators, and residential customers.

The company’s product portfolio includes commercial and residential mowers, turf maintenance equipment, irrigation systems, snow and ice management equipment, compact utility loaders, trenchers, underground construction equipment and related attachments.