Toro (NYSE:TTC) Sets New 52-Week High – Here’s Why

Toro Company (The) (NYSE:TTC) shares reached a new 52-week high on Wednesday . The stock traded as high as $91.05 and last traded at $89.9510, with a volume of 429354 shares changing hands. The stock had previously closed at $89.96.

Analysts Set New Price Targets

A number of research analysts have weighed in on TTC shares. Wall Street Zen cut shares of Toro from a “buy” rating to a “hold” rating in a research note on Sunday. Robert W. Baird set a $84.00 price target on shares of Toro in a report on Tuesday, December 16th. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Toro presently has an average rating of “Hold” and an average target price of $92.20.

Toro Stock Performance

The business has a 50 day moving average of $78.90 and a 200-day moving average of $76.97. The company has a market capitalization of $8.81 billion, a P/E ratio of 28.37 and a beta of 0.82. 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 (NYSE:TTC) last posted its earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. Toro had a return on equity of 28.90% and a net margin of 7.01%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.95 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, sell-side analysts predict that Toro Company will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 22nd were given a dividend of $0.39 per share. The ex-dividend date was Monday, December 22nd. This is a boost from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 1.7%. Toro’s dividend payout ratio (DPR) is presently 49.21%.

Institutional Trading of Toro

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