Toro (NYSE:TTC) Sets New 52-Week High – What’s Next?

Toro Company (The) (NYSE:TTC)’s stock price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $107.30 and last traded at $107.5330, with a volume of 146,744 shares. The stock had previously closed at $104.75.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TTC shares. Wall Street Zen downgraded Toro from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 4th. Oppenheimer initiated coverage on Toro in a report on Wednesday, September 23rd. They set an “outperform” rating and a $120.00 target price for the company. Weiss Ratings raised shares of Toro from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Finally, DA Davidson reduced their price objective on Toro from $117.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.67.

Toro Price Performance

The firm has a market capitalization of $10.20 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.32 and a beta of 0.66. 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 50 day moving average price of $98.24 and a 200-day moving average price of $95.41.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, September 3rd. The company reported $1.33 EPS for the quarter, topping 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 in the previous year, the company earned $1.24 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. On average, analysts expect that Toro Company will post 4.64 earnings per share for the current year.

Toro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, October 6th. Toro’s dividend payout ratio is currently 41.71%.

Institutional Investors Weigh In On Toro

Several large investors have recently made changes to their positions in TTC. Baird Financial Group Inc. raised its position in 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 purchasing an additional 171,828 shares in the last quarter. Corient Private Wealth LP increased its position in shares of Toro by 1,063.5% during the second quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock worth $18,314,000 after purchasing an additional 171,826 shares in the last quarter. CX Institutional purchased a new stake in Toro in the third quarter valued at about $6,647,000. Engineers Gate Manager LP boosted its stake in Toro by 73.9% in the 2nd quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock worth $7,339,000 after purchasing an additional 32,003 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Toro by 160.8% in 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 period. 87.95% of the stock is owned by hedge funds and other institutional investors.

Toro Company Profile

The Toro Company (NYSE:TTC) designs, manufactures and markets equipment and solutions for maintaining outdoor environments. Its products serve professional and residential customers in areas such as turf care, landscaping, irrigation, snow and ice management, and outdoor construction.

The company’s portfolio includes zero-turn and riding mowers, walk-behind mowers, utility vehicles, turf maintenance equipment, landscape and irrigation systems, snowplows and snow removal equipment, and compact utility and underground construction machinery.