Toro (NYSE:TTC) Sets New 12-Month High – Here’s Why

Toro Company (The) (NYSE:TTC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $93.84 and last traded at $93.36, with a volume of 840639 shares trading hands. The stock had previously closed at $91.50.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TTC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Toro in a report on Wednesday, October 8th. Wall Street Zen cut shares of Toro from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Robert W. Baird set a $84.00 price target on Toro in a report on Tuesday, December 16th. Finally, Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Toro has an average rating of “Hold” and a consensus price target of $92.20.

Toro Price Performance

The stock has a market cap of $9.37 billion, a PE ratio of 30.20 and a beta of 0.82. 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 company’s fifty day moving average is $81.67 and its 200 day moving average is $77.75.

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

Toro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.39 per share. This is a boost from Toro’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, December 22nd. Toro’s payout ratio is presently 49.21%.

Institutional Investors Weigh In On Toro

Hedge funds have recently modified their holdings of the stock. Davis Capital Management purchased a new position in Toro in the 3rd quarter worth approximately $42,000. Danske Bank A S acquired a new stake in Toro during the 3rd quarter valued at $46,000. MTM Investment Management LLC purchased a new stake in Toro during the 2nd quarter worth $85,000. Quent Capital LLC purchased a new stake in Toro during the 3rd quarter worth $97,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Toro in the 3rd quarter worth $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.