Toro (NYSE:TTC) Stock Rating Raised to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Toro (NYSE:TTC) from a buy rating to a strong-buy rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts also recently commented on TTC. Robert W. Baird decreased their price objective on shares of Toro from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, June 5th. DA Davidson dropped their target price 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. Oppenheimer began coverage on shares of Toro in a research report on Wednesday. They issued an “outperform” rating and a $120.00 price target on the stock. Finally, Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $111.67.

Toro Trading Up 0.2%

Shares of NYSE TTC opened at $97.05 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $95.89 and its two-hundred day moving average price is $94.37. Toro has a 52-week low of $67.64 and a 52-week high of $105.18. The stock has a market capitalization of $9.19 billion, a P/E ratio of 25.95 and a beta of 0.70.

Toro (NYSE:TTC) last issued its earnings results on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%.The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $1.24 EPS. 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. On average, analysts anticipate that Toro will post 4.64 earnings per share for the current fiscal year.

Toro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $1.56 annualized dividend and a dividend yield of 1.6%. Toro’s dividend payout ratio (DPR) is 41.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. increased its position in Toro by 379.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock worth $4,379,000 after buying an additional 44,030 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Toro by 160.8% during the second quarter. Hsbc Holdings PLC now owns 41,067 shares of the company’s stock valued at $3,976,000 after acquiring an additional 25,318 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Toro by 4,227.0% during the second quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock valued at $17,135,000 after acquiring an additional 171,828 shares during the period. Engineers Gate Manager LP grew its position in shares of Toro by 73.9% during the second quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock worth $7,339,000 after acquiring an additional 32,003 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Toro by 416.7% in the 1st 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. 87.95% of the stock is currently owned by institutional investors.

Toro Company Profile

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.