DA Davidson Forecasts Strong Price Appreciation for Toro (NYSE:TTC) Stock

Toro (NYSE:TTC) had its price objective upped by stock analysts at DA Davidson from $97.00 to $117.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 19.88% from the stock’s previous close.

A number of other research analysts have also issued reports on TTC. Zacks Research upgraded Toro from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Toro from a “hold” rating to a “buy” rating in a research note on Saturday. Raymond James Financial cut shares of Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Finally, Robert W. Baird raised their price target on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $100.40.

Toro Trading Down 1.9%

Shares of TTC stock traded down $1.87 during trading hours on Monday, hitting $97.60. The company had a trading volume of 302,362 shares, compared to its average volume of 919,218. Toro has a fifty-two week low of $62.34 and a fifty-two week high of $105.18. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.69 and a quick ratio of 0.73. The company’s fifty day moving average is $92.79 and its 200 day moving average is $81.56. The stock has a market capitalization of $9.46 billion, a PE ratio of 29.22 and a beta of 0.80.

Toro (NYSE:TTC) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.65 by $0.09. Toro had a return on equity of 29.60% and a net margin of 7.28%.The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. During the same period last year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts expect that Toro will post 4.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS boosted its stake in shares of 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 acquiring an additional 200 shares in the last quarter. Rothschild Investment LLC raised its holdings in Toro by 6.0% during the fourth quarter. Rothschild Investment LLC now owns 3,609 shares of the company’s stock worth $284,000 after purchasing an additional 203 shares during the last quarter. GAMMA Investing LLC boosted its position in Toro by 8.1% during the third quarter. GAMMA Investing LLC now owns 3,155 shares of the company’s stock worth $240,000 after purchasing an additional 237 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in Toro by 4.3% in the third quarter. Wesbanco Bank Inc. now owns 9,716 shares of the company’s stock valued at $740,000 after purchasing an additional 400 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Toro by 0.3% in the fourth quarter. Russell Investments Group Ltd. now owns 125,625 shares of the company’s stock valued at $9,889,000 after purchasing an additional 410 shares during the last quarter. 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.