Toro (NYSE:TTC) Hits New 12-Month High – Here’s Why

Toro Company (The) (NYSE:TTC) shares reached a new 52-week high on Thursday . The company traded as high as $90.30 and last traded at $90.0950, with a volume of 70958 shares. The stock had previously closed at $89.50.

Analyst Ratings Changes

TTC has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Toro from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird set a $84.00 price objective on Toro in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $92.20.

Toro Stock Down 0.8%

The company has a market cap of $8.79 billion, a P/E ratio of 28.31 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 0.86. The business’s 50 day moving average price is $78.10 and its 200-day moving average price is $76.74.

Toro (NYSE:TTC) last released 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 during 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% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, analysts anticipate that Toro Company will post 4.41 earnings per share for the current fiscal year.

Toro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 22nd were given a dividend of $0.39 per share. This is a positive change from Toro’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, December 22nd. This represents a $1.56 annualized dividend and a yield of 1.7%. Toro’s dividend payout ratio is currently 49.21%.

Hedge Funds Weigh In On Toro

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

Toro Company Profile

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.