Toro (NYSE:TTC) Reaches New 1-Year High – Here’s Why

Toro Company (The) (NYSE:TTC) reached a new 52-week high during trading on Tuesday . The company traded as high as $99.25 and last traded at $98.3950, with a volume of 16940 shares trading hands. The stock had previously closed at $98.30.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TTC shares. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Robert W. Baird set a $84.00 target price on Toro in a research note on Tuesday, December 16th. Finally, Wall Street Zen cut Toro from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $92.20.

Toro Stock Performance

The company has a current ratio of 1.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $83.32 and its two-hundred day moving average price is $78.27. The firm has a market capitalization of $9.62 billion, a PE ratio of 31.00 and a beta of 0.82.

Toro (NYSE:TTC) last released its quarterly earnings results on Wednesday, December 17th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. The company 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 for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. On average, equities analysts expect that Toro Company will post 4.41 earnings per share for the current year.

Toro Increases Dividend

The firm also recently announced 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 boost from Toro’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. Toro’s dividend payout ratio is currently 49.21%.

Institutional Investors Weigh In On Toro

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