Analysts Set Toro Company (The) (NYSE:TTC) PT at $92.20

Shares of Toro Company (The) (NYSE:TTC) have received an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $92.20.

A number of equities research analysts recently issued reports on TTC shares. Wall Street Zen downgraded Toro from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Robert W. Baird set a $84.00 price target on Toro in a research report on Tuesday, December 16th. Finally, Raymond James Financial downgraded shares of Toro from an “outperform” rating to a “market perform” rating in a research note on Wednesday.

Toro Trading Up 1.2%

NYSE:TTC opened at $101.65 on Wednesday. The company has a market cap of $9.95 billion, a P/E ratio of 32.07 and a beta of 0.82. Toro has a 1 year low of $62.34 and a 1 year high of $101.79. 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 fifty day moving average price is $88.38 and its two-hundred day moving average price is $79.89.

Toro (NYSE:TTC) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, analysts expect that Toro will post 4.41 EPS for the current year.

Toro Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.5%. This is a boost from Toro’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, December 22nd. Toro’s dividend payout ratio (DPR) is presently 49.21%.

Institutional Investors Weigh In On Toro

Hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Toro by 10.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,136 shares of the company’s stock valued at $446,000 after buying an additional 586 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Toro by 37.4% during the first quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock worth $33,237,000 after acquiring an additional 124,373 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Toro in the 1st quarter worth approximately $285,000. Empowered Funds LLC boosted its stake in shares of Toro by 9.8% in the 1st quarter. Empowered Funds LLC now owns 38,840 shares of the company’s stock valued at $2,826,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Toro by 191.5% during the 1st quarter. Focus Partners Wealth now owns 7,586 shares of the company’s stock valued at $552,000 after purchasing an additional 4,984 shares during the last quarter. 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.