Toro Company (The) (NYSE:TTC) Given Average Rating of “Hold” by Brokerages

Toro Company (The) (NYSE:TTC) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $100.40.

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Toro in a report on Friday, April 17th. Wall Street Zen raised shares of Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Raymond James Financial lowered shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Robert W. Baird boosted their target price on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Finally, DA Davidson boosted their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, March 9th.

Insiders Place Their Bets

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

Institutional Trading of Toro

A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position 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 during the period. Van ECK Associates Corp increased its position in shares of Toro by 4.4% during 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. 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 during the period. SG Americas Securities LLC increased its position in shares of Toro by 416.7% during 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 increased its position in shares of Toro by 425.6% during 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. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro Price Performance

NYSE:TTC opened at $94.06 on Monday. Toro has a 52 week low of $67.04 and a 52 week high of $105.18. The company has a quick ratio of 0.73, a current ratio of 1.69 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $9.12 billion, a PE ratio of 28.16 and a beta of 0.73. The stock’s 50-day moving average price is $95.94 and its 200-day moving average price is $86.10.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.09. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $0.65 EPS. Toro’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, equities analysts expect that Toro will post 4.52 EPS for the current fiscal year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, March 30th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.7%. Toro’s dividend payout ratio is currently 46.71%.

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.