Toro (NYSE:TTC) Price Target Cut to $100.00 by Analysts at Robert W. Baird

Toro (NYSE:TTC) had its target price lowered by investment analysts at Robert W. Baird from $105.00 to $100.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 12.47% from the company’s previous close.

TTC has been the topic of a number of other research reports. DA Davidson raised their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a report on Monday, March 9th. Wall Street Zen raised Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Toro in a research report on Friday, April 17th. Finally, Raymond James Financial lowered Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $99.40.

Toro Stock Performance

TTC opened at $88.91 on Friday. Toro has a 52-week low of $67.04 and a 52-week high of $105.18. The firm has a market capitalization of $8.62 billion, a PE ratio of 26.62 and a beta of 0.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 1.69. The business’s 50-day simple moving average is $93.11 and its 200 day simple moving average is $88.95.

Toro (NYSE:TTC) last announced its quarterly earnings results on Thursday, June 4th. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Toro had a return on equity of 29.60% and a net margin of 7.28%.The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 earnings per share. Toro has set its FY 2026 guidance at 4.500-4.620 EPS. As a group, sell-side analysts expect that Toro will post 4.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke sold 4,951 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $99.40, for a total value of $492,129.40. Following the transaction, the director owned 2,704 shares of the company’s stock, valued at approximately $268,777.60. This represents a 64.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard M. Olson sold 119,400 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 38,186 shares in the company, 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. Insiders own 1.88% of the company’s stock.

Institutional Trading of Toro

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 124,373 shares during the period. SG Americas Securities LLC boosted its holdings 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 purchasing an additional 55,206 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings 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 purchasing an additional 52,457 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in shares of Toro by 379.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after purchasing an additional 44,030 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of Toro during the fourth quarter worth about $1,664,000. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

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.