Wall Street Zen Downgrades Toro (NYSE:TTC) to Hold

Toro (NYSE:TTC) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research note on Wednesday, October 8th. Zacks Research raised shares of Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Robert W. Baird set a $84.00 target price on shares of Toro in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $92.20.

Toro Stock Performance

Shares of NYSE TTC opened at $89.34 on Friday. 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 firm’s 50-day moving average price is $78.49 and its two-hundred day moving average price is $76.86. Toro has a 52-week low of $62.34 and a 52-week high of $90.56. The stock has a market capitalization of $8.75 billion, a P/E ratio of 28.18 and a beta of 0.82.

Toro (NYSE:TTC) last issued its earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. Toro had a return on equity of 28.90% and a net margin of 7.01%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, sell-side analysts forecast that Toro will post 4.41 earnings per share for the current year.

Hedge Funds Weigh In On Toro

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS grew its position in Toro by 0.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 32,900 shares of the company’s stock worth $2,507,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Toro by 8.1% in the third quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after buying an additional 237 shares during the period. Wesbanco Bank Inc. boosted its position in shares of Toro by 4.3% in the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock worth $740,000 after buying an additional 400 shares during the period. Willis Investment Counsel grew its holdings in shares of Toro by 3.0% during the third quarter. Willis Investment Counsel now owns 17,653 shares of the company’s stock valued at $1,345,000 after buying an additional 508 shares in the last quarter. Finally, Davis Capital Management acquired a new position in Toro during the third quarter valued at $42,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

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.