DA Davidson Cuts Toro (NYSE:TTC) Price Target to $115.00

Toro (NYSE:TTC) had its target price lowered by DA Davidson from $117.00 to $115.00 in a report issued on Friday, MarketBeat reports. DA Davidson currently has a buy rating on the stock.

Several other research firms have also issued reports on TTC. Robert W. Baird decreased their price target on shares of Toro from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Weiss Ratings upgraded Toro from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Toro currently has a consensus rating of “Hold” and an average price target of $101.67.

Toro Stock Up 0.1%

Shares of TTC stock opened at $93.45 on Friday. Toro has a 1 year low of $67.64 and a 1 year high of $105.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 1.58. The business’s fifty day moving average is $96.21 and its 200-day moving average is $94.94. The stock has a market cap of $8.85 billion, a PE ratio of 24.99 and a beta of 0.70.

Toro (NYSE:TTC) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $1.33 earnings per share 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. Toro has set its FY 2026 guidance at 4.600-4.650 EPS. Equities analysts expect that Toro will post 4.63 earnings per share for the current fiscal year.

Insider Activity at Toro

In other Toro news, VP Kurt Svendsen sold 6,600 shares of Toro stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $93.09, for a total transaction of $614,394.00. Following the completion of the sale, the vice president owned 12,166 shares of the company’s stock, valued at $1,132,532.94. This trade represents a 35.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Edric C. Funk sold 856 shares of Toro stock in a transaction on Friday, June 26th. The shares were sold at an average price of $97.97, for a total transaction of $83,862.32. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,934 shares of company stock valued at $1,204,933. Corporate insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new stake in shares of Toro in the 1st quarter valued at approximately $39,000. Danske Bank A S acquired a new stake in Toro in the 3rd quarter worth approximately $46,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Toro by 237.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 769 shares of the company’s stock worth $75,000 after buying an additional 541 shares during the period. Root Financial Partners LLC raised its holdings in Toro by 277.8% in the 1st quarter. Root Financial Partners LLC now owns 971 shares of the company’s stock worth $91,000 after acquiring an additional 714 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Toro during the 3rd quarter worth $119,000. Hedge funds and other institutional investors own 87.95% of the company’s stock.

Toro News Roundup

Here are the key news stories impacting Toro this week:

• Positive Sentiment: Toro reported fiscal Q3 revenue of $1.23 billion, up 8.4% year over year and above the $1.19 billion consensus estimate. Adjusted earnings of $1.33 per share also exceeded analyst expectations and rose from $1.24 a year earlier. Toro Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $4.60-$4.65, from $4.50-$4.62, and increased its revenue-growth outlook to 6.3%-6.6%. The new earnings range is broadly in line with the $4.61 consensus estimate. Toro Reports Higher Earnings and Raises FY26 Outlook
• Positive Sentiment: Growth was broad-based, with Professional segment sales increasing 8.8% and Residential segment sales rising 8.6%. Gross margin improved to 34.1% from 33.7%, while Toro returned $110 million to shareholders during the quarter.
• Positive Sentiment: DA Davidson maintained a Buy rating and reduced its price target modestly to $115 from $117, still implying substantial upside from the referenced trading level.
• Neutral Sentiment: Although earnings and revenue beat estimates, reported GAAP diluted EPS was $0.81, reflecting the impact of items that distinguish it from the $1.33 adjusted EPS figure highlighted in market coverage. Toro Fiscal 2026 EPS Guidance
• Negative Sentiment: Insider activity was heavily weighted toward selling, including a substantial sale by Chairman and CEO Richard Olson. This may raise caution about management’s view of near-term valuation, despite the stronger operating results.

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.