Toro Company (The) (NYSE:TTC) Receives $100.40 Average PT from Brokerages

Toro Company (The) (NYSE:TTC) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $100.40.

A number of brokerages have commented on TTC. Robert W. Baird increased their target price on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Raymond James Financial cut Toro from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toro in a report on Friday, April 17th.

Toro Price Performance

Shares of Toro stock opened at $95.41 on Monday. The business has a 50 day simple moving average of $95.58 and a two-hundred day simple moving average of $86.55. Toro has a 12 month low of $67.04 and a 12 month high of $105.18. The stock has a market capitalization of $9.25 billion, a P/E ratio of 28.56 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73.

Toro (NYSE:TTC) last announced its earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. Toro had a return on equity of 29.60% and a net margin of 7.28%.The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, analysts predict that Toro will post 4.52 EPS for the current fiscal year.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 13th. Investors of record on Monday, March 30th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 30th. Toro’s dividend payout ratio (DPR) is currently 46.71%.

Insider Activity at Toro

In related news, Director James Calvin O’rourke sold 4,951 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total value of $492,129.40. Following the completion of the sale, the director owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. This trade represents a 64.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $100.15, for a total value of $11,957,910.00. Following the completion of the sale, the chief executive officer directly owned 38,186 shares of the company’s stock, valued at approximately $3,824,327.90. This represents a 75.77% decrease in their position. The SEC filing for this sale provides additional information. 1.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in Toro by 37.4% in 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 during the period. Van ECK Associates Corp grew its position in Toro by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 258,444 shares of the company’s stock worth $20,345,000 after acquiring an additional 10,835 shares during the period. Russell Investments Group Ltd. grew its position in Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock worth $9,889,000 after acquiring an additional 410 shares during the period. SG Americas Securities LLC grew its position in Toro by 416.7% in the first quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock worth $6,396,000 after acquiring an additional 55,206 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its position in Toro by 425.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock worth $5,100,000 after acquiring an additional 52,457 shares during the period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

About Toro

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.