Toro Company (The) (NYSE:TTC) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Toro Company (The) (NYSE:TTC) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $111.67.

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. DA Davidson lowered their price target on shares of Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Wall Street Zen cut shares of Toro from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Oppenheimer initiated coverage on shares of Toro in a report on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 price objective for the company.

Toro Trading Down 2.4%

Shares of TTC stock opened at $96.47 on Thursday. Toro has a 52-week low of $67.64 and a 52-week high of $105.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. The company has a 50-day simple moving average of $96.53 and a two-hundred day simple moving average of $94.46. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 2.13 and a beta of 0.66.

Toro (NYSE:TTC) last posted 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 net margin of 7.64% and a return on equity of 31.86%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Research analysts anticipate that Toro will post 4.64 EPS for the current fiscal year.

Toro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $1.56 annualized dividend and a yield of 1.6%. Toro’s dividend payout ratio is currently 41.71%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its position in shares of Toro by 160.8% during the 2nd 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 last quarter. Baird Financial Group Inc. raised its position in shares of Toro by 4,227.0% during the 2nd quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock valued at $17,135,000 after buying an additional 171,828 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Toro by 73.9% during the 2nd 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. SG Americas Securities LLC lifted its holdings in shares of Toro by 416.7% during 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 last quarter. Finally, Corient Private Wealth LP grew its position in Toro by 1,063.5% in the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock worth $18,314,000 after acquiring an additional 171,826 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

About Toro

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and systems used to maintain landscapes, turf and outdoor environments. Its products serve professional contractors, golf courses, sports fields, municipalities, rental companies, construction and utility operators, and residential customers.

The company’s product portfolio includes commercial and residential mowers, turf maintenance equipment, irrigation systems, snow and ice management equipment, compact utility loaders, trenchers, underground construction equipment and related attachments.