Toro Company (The) to Issue Quarterly Dividend of $0.39 (NYSE:TTC)

Toro Company (The) (NYSE:TTC) declared a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Tuesday, October 6th will be paid a dividend of 0.39 per share on Tuesday, October 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, October 6th.

Toro has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 21 consecutive years. Toro has a payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Toro to earn $5.05 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 30.9%.

Toro Stock Performance

Shares of TTC stock opened at $96.95 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $95.76 and a two-hundred day simple moving average of $94.39. Toro has a 12 month low of $67.64 and a 12 month high of $105.18. The firm has a market capitalization of $9.18 billion, a PE ratio of 25.79 and a beta of 0.70.

Toro (NYSE:TTC) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Toro had a net margin of 7.64% and a return on equity of 31.86%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company earned $1.24 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Analysts forecast that Toro will post 4.64 EPS for the current fiscal year.

Analyst Ratings Changes

TTC has been the topic of several analyst reports. Oppenheimer assumed coverage on Toro in a research report on Wednesday. They set an “outperform” rating and a $120.00 target price on the stock. Wall Street Zen cut shares of Toro from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Weiss Ratings upgraded shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Robert W. Baird decreased their price target on Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Finally, DA Davidson cut their price target on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $111.67.

About Toro

The Toro Company (NYSE:TTC) is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro’s product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.