Toro Company (The) (NYSE:TTC) Receives Average Rating of “Hold” from Brokerages

Shares of Toro Company (The) (NYSE:TTC) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $101.75.

A number of analysts have recently issued reports on TTC shares. Robert W. Baird lowered their price objective on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Weiss Ratings cut Toro from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday.

Insider Activity

In other news, VP Kurt D. Svendsen sold 6,600 shares of Toro stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the sale, the vice president directly owned 12,166 shares in the company, valued at approximately $1,132,532.94. The trade was a 35.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Lee Ellis sold 4,951 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $91.91, for a total transaction of $455,046.41. Following the completion of the transaction, the director directly owned 35,297 shares of the company’s stock, valued at $3,244,147.27. This trade represents a 12.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 12,934 shares of company stock worth $1,204,933. Corporate insiders own 1.88% of the company’s stock.

Hedge Funds Weigh In On Toro

Several hedge funds and other institutional investors have recently modified their holdings of TTC. Rothschild Investment LLC lifted its stake in shares of Toro by 6.0% in the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock valued at $284,000 after buying an additional 203 shares in the last quarter. Essential Partners LLC grew its holdings in shares of Toro by 2.3% during the first quarter. Essential Partners LLC now owns 10,519 shares of the company’s stock valued at $983,000 after buying an additional 233 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Toro by 10.2% during the fourth quarter. GAMMA Investing LLC now owns 3,476 shares of the company’s stock worth $274,000 after acquiring an additional 321 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Toro by 0.3% during 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 in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Toro in the 1st quarter worth about $39,000. Institutional investors own 87.95% of the company’s stock.

Toro Stock Down 1.5%

TTC stock opened at $94.50 on Friday. Toro has a twelve month low of $67.64 and a twelve month high of $105.18. The company has a quick ratio of 0.74, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company has a market cap of $9.00 billion, a PE ratio of 27.23 and a beta of 0.68. The business’s 50-day simple moving average is $92.43 and its 200 day simple moving average is $93.29.

Toro (NYSE:TTC) last posted its quarterly earnings results on Thursday, June 4th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.50 by $0.10. Toro had a return on equity of 31.13% and a net margin of 7.29%.The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm posted $1.42 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. On average, research analysts anticipate that Toro will post 4.6 earnings per share for the current year.

Toro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 16th were paid a $0.39 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. Toro’s dividend payout ratio is currently 44.96%.

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.