Toro (NYSE:TTC) Reaches New 12-Month High – Time to Buy?

Toro Company (The) (NYSE:TTC)’s share price reached a new 52-week high on Friday . The company traded as high as $89.74 and last traded at $89.7250, with a volume of 12657 shares traded. The stock had previously closed at $89.57.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Zacks Research lowered Toro from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Robert W. Baird set a $84.00 price target on Toro in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Toro in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.20.

Toro Stock Up 0.1%

The firm’s 50-day moving average price is $76.00 and its two-hundred day moving average price is $76.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.86 and a current ratio of 1.87. The firm has a market cap of $8.77 billion, a PE ratio of 28.42 and a beta of 0.82.

Toro (NYSE:TTC) last announced 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. Toro had a net margin of 7.01% and a return on equity of 28.90%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $0.95 earnings per share. Toro’s quarterly revenue was down .9% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.350-4.50 EPS. As a group, equities research analysts expect that Toro Company will post 4.41 EPS for the current fiscal year.

Toro Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 22nd were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. Toro’s dividend payout ratio is currently 49.21%.

Institutional Trading of Toro

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

About Toro

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.