Toro (NYSE:TTC) Raised to Hold at Zacks Research

Toro (NYSE:TTC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird set a $84.00 price target on shares of Toro in a report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Toro from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Toro currently has an average rating of “Hold” and an average price target of $92.20.

Toro Stock Up 1.8%

Shares of TTC opened at $89.51 on Tuesday. Toro has a 12 month low of $62.34 and a 12 month high of $90.19. The company has a quick ratio of 0.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $77.33 and a two-hundred day moving average price of $76.53. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 28.24 and a beta of 0.82.

Toro (NYSE:TTC) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Toro had a return on equity of 28.90% and a net margin of 7.01%.The business’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. Equities analysts predict that Toro will post 4.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Toro

A number of institutional investors have recently made changes to their positions in the stock. Davis Capital Management bought a new stake in Toro in the third quarter valued at about $42,000. Danske Bank A S bought a new position in Toro during the third quarter worth about $46,000. MTM Investment Management LLC bought a new stake in shares of Toro in the 2nd quarter valued at about $85,000. Quent Capital LLC acquired a new stake in shares of Toro in the 3rd quarter valued at approximately $97,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Toro during the 3rd quarter worth approximately $119,000. 87.95% of the stock is owned by institutional investors and hedge funds.

About Toro

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.