Toro (NYSE:TTC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Toro (NYSE:TTC) from a buy rating to a strong-buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other research analysts also recently issued reports on the company. Robert W. Baird lowered their price target on Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. DA Davidson reduced their price objective on Toro from $117.00 to $115.00 and set a “buy” rating for the company in a report on Friday, September 4th. Oppenheimer assumed coverage on Toro in a research report on Wednesday, September 23rd. They issued an “outperform” rating and a $120.00 target price for the company. Finally, Weiss Ratings raised Toro from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Two 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 has an average rating of “Hold” and an average price target of $111.67.

Toro Price Performance

Shares of TTC opened at $97.05 on Friday. Toro has a twelve month low of $67.64 and a twelve month high of $105.18. The company has a market capitalization of $9.19 billion, a P/E ratio of 25.95 and a beta of 0.70. The firm has a 50 day moving average of $95.95 and a 200 day moving average of $94.32. The company has a quick ratio of 0.74, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

Toro (NYSE:TTC) last released its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.02. Toro had a return on equity of 31.86% and a net margin of 7.64%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm posted $1.24 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. As a group, equities research analysts anticipate that Toro will post 4.64 earnings per share for the current fiscal year.

Toro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $1.56 dividend on an annualized basis and a yield of 1.6%. Toro’s dividend payout ratio is currently 41.71%.

Institutional Investors Weigh In On Toro

A number of large investors have recently made changes to their positions in TTC. Corient Private Wealth LP increased its position in shares of Toro by 1,063.5% during the 2nd quarter. Corient Private Wealth LP now owns 187,982 shares of the company’s stock valued at $18,314,000 after purchasing an additional 171,826 shares during the last quarter. Baird Financial Group Inc. grew its position in Toro by 4,227.0% during the second quarter. Baird Financial Group Inc. now owns 175,893 shares of the company’s stock valued at $17,135,000 after buying an additional 171,828 shares during the period. Engineers Gate Manager LP grew its position in Toro by 73.9% during the second quarter. Engineers Gate Manager LP now owns 75,330 shares of the company’s stock valued at $7,339,000 after buying an additional 32,003 shares during the period. Benjamin Edwards Inc. increased its holdings in Toro by 22.0% during the second quarter. Benjamin Edwards Inc. now owns 74,419 shares of the company’s stock valued at $7,250,000 after buying an additional 13,433 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Toro by 416.7% during the first quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock valued at $6,396,000 after buying an additional 55,206 shares during the last quarter. 87.95% of the stock is currently owned by institutional investors.

About Toro

The Toro Company (NYSE:TTC) is a Minnesota-based manufacturer of equipment and solutions for maintaining outdoor environments. Founded in 1914, the company serves professional and residential customers through products sold under brands including Toro, Exmark, and BOSS.

Toro’s product portfolio includes turf and landscape maintenance equipment, commercial and residential lawn mowers, irrigation systems, outdoor lighting, utility vehicles, compact utility loaders, and equipment for snow and ice management.